Beller Commercial presents Approved St Kilda Opportunity.
Although raw sites are often available on the Western fringe of Melbourne’s Port Phillip Bay, very rarely does the opportunity arise for developers to capitalise on prime land situated both on the Eastern boundary of the Bay, and yet still so close to Melbourne’s thriving business precinct.
Such is the significance of 25-31 Greeves Street, St Kilda, that not only is the property positioned on a corner allotment of some 1400sqm, but rather remarkably, an endorsed Council planning scheme offers approval for sixty-three apartments in addition to four office suites.
St Kilda itself is largely seen as a gentrified suburb nestled between Middle Park, one of Melbourne’s most expensive suburbs, and Elwood, one of Melbourne’s most highly sought after suburbs - making for a superb opportunity to developers, investors or syndicates to take advantage of the extreme rarity of such a site.
Aiding it’s appeal is the long-held view that St Kilda offers a superb blend of amenity, lifestyle, and access to employment, being located less than 7km from the City Centre whilst also accessible to just about every conceivable attraction Melbourne has to offer - including the bustling culture and nightlife of Acland & Fitzroy Streets, the abundance of cafe's and bars on Chapel Street, and of course, a short walk to the revered St Kilda beach and beyond.
Greeves Street boasts mixed-use zoning with eighty-six basement car parks and a current rental income of over $120,000 P.A
For Sale by Tender - Closing Thursday 22 September at 2pm
Further information is available here.