212 units approved in melbourne’s arts precinct

212 units approved in melbourne’s arts precinct


July 2018
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212 Units Approved in Melbourne’s Arts Precinct

An exclusive mixed-use development site, in the heart of the Arts Precinct, has been made available to the market, drawing the attention of local, national and international developers alike. This exceptional offering comes with substantial permit approvals for an 18-level development comprising of 206 large residences plus a further 878sqm ground floor arts, retail and commercial space.

Colliers International’s Trent Hobart and Hamish Burgess have been appointed to sell the property at 135 Sturt Street & 80 Dodds Street, Southbank, via an expression of interest campaign that will close on Friday 3 August at 2pm, unless sold prior.

 

Urban convenience meets garden beauty

Positioned in one of Melbourne’s most in-demand pockets, residents will relish its proximity to many pleasing amenities. The beautiful greenery of the Royal Botanic Gardens is only a short stroll; so too is the CBD with its dining, theatre and entertaining options. Port Melbourne’s beaches are easily accessible and the abundance of public transport options, enables prospective dwellers to come and go as they please.

Hamish Burgess of Colliers International notes that “135 Sturt Street  is a premium, permitted offering within the inner-Melbourne market. Positioned in the heart of Melbourne’s Arts and Gardens precinct and with protected view lines surrounding the site it is truly a unique and exceptional offering.’

 

Permits peaking local, national and international interest

The development approved permits cover 2,885sqm of this substantial inner city land holding. Exceptional designs by renowned firm Hayball Architects, reveal an 18-level development comprising 206 large residences, plus 878sqm of ground floor arts, retail and commercial areas.

The building also benefits from dual street frontage to both Sturt Street and Dodds Street totalling approximately 60m, as well as protected view lines over the Royal Botanic Gardens, Melbourne city skyline and Port Philip Bay.

“Interest in this property has already been received from local, national and international developers due to the superb design and proximity to Melbourne’s cultural hub” Colliers International’s Trent Hobart explains.

 

Sturt and Dodds St Southbank Summary

  • Permit approved for an 18-level development comprising 212 units in total
  • Substantial inner city land holding of 2,885sqm
  • Exceptional design by renowned firm Hayball Architects
  • Significant short term income
  • Capital City Zone – Schedule 7 (CCZS7)
  • Dual street frontage to both Sturt Street and Dodds Street totalling approximately 60m
  • Protected view lines over both the Royal Botanic Gardens, Melbourne city skyline and Port Philip Bay 
  • Positioned within Melbourne’s iconic Arts Precinct which will benefit from over $1 billion worth of future investment
  • For sale via expression of interest, closing Friday 3 August at 2pm, (unless sold prior)

*Please note that all financials, measurements or distances quoted above are approximate only.

For further information please contact the Colliers International team and mention Development Ready in your interactions.

Colliers International 
 Trent Hobart +61 433 196 452
 Hamish Burgess +61 421 641 497

To view more details on the listing click here.