Melbourne’s booming Inner-West continues to experience a bevy of activity with the latest opportunity coming courtesy of a joint listing between Colliers International and Fitzroy’s.
Situated in the booming suburb of Footscray, 34 Moreland Street presents as a mixed use development opportunity spread across some 370sqm of land a mere 6km from Melbourne’s vibrant central business district.
An approved planning application offers 22 apartments and one retail space to be constructed across three distinctive street frontages, all located within Activity Centre Zone - Schedule 1 zoning controls.
As an interim use, the property has an existing lease in place to an established tenant offering a competitive rental return and the ability to hold onto the planning stipulations until expiry whilst capitalising on the return on investment in the meantime.
The site is scheduled for an on-site auction on the 23rd of June, with additional information available here.