This highly valuable inner-city land holding is only 2km from Melbourne's CBD. The Jellis Craig Projects team of Richard Rose and George Antonopoulos believe that this site offers an exciting opportunity to deliver a truly boutique apartment project - right in the heart of South Melbourne.
With Plans & Permits for 38 Apartments plus 12 undercover car parking spaces this site has a multitude of key qualities - especially its outstanding 3-street frontage. Currently, the existing building presents a potential income opportunity which can be leased as a whole or per floor.
Overall, this site is perfectly located in one of Melbourne's most popular inner-city hubs, surrounded by prime retail plus commercial and residential. Additionally, within easy distance to transportation, South Melbourne beach and the famous South Melbourne Market.
" This South Melbourne site presents an impressive opportunity for the smart investor to profit from proven buyer demand for an inner-city location. We currently rate this site as one of South Melbourne's best boutique development opportunities and the anticipation is that buyer interest will strong.” - Richard Rose, Jellis Craig Projects.
Summary:
- Highly valuable inner-city landholding of 405 sqm
- Plans & Permits for 38 Apartments, plus 12 undercover car parking spaces
- Multiple street frontages
- Existing building with income potential
- Zoning Mixed Use
- Potential Hotel Usage to suit high demand(STCA)
- Level 1,2 & 3 Building Area 726sqm
- 2 km from Melb. CBD, on the doorstep to prime retail and transportation
31-33 PARK STREET SOUTH MELBOURNE is for Sale by EOI Closing Wednesday 14th June 2017 at 4.00pm.
For further information please contact Jellis Craig Projects.
Richard Rose – 0419 44 66 88
George Antonopoulos - 0425 865 882
Or Visit: https://www.developmentready.com.au/properties/31-...
