medium-density punt road development represents rare melbourne find

medium-density punt road development represents rare melbourne find

November 2016
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Medium-Density Punt Road Development Represents Rare Melbourne Find

An existing residential apartment building of some twenty (20) units has hit the market courtesy of CBRE Melbourne, with developers set to pounce on the enormous upside of the 1,322 sqm site featuring endorsed council approval for a nine level building of seventy six (76) high end apartments.

Positioned on one of Melbourne’s grandest boulevards in Punt Road, the site is situated on a highly attractive, central and convenient corner plottage near an incredible array of amenities, not least the famed St Kilda Road and Albert Park precincts, trendy Prahan and South Yarra lifestyle destinations and the enormous retail, shopping and dining Chapel Street strip.

Offered for sale via a public expressions of interest campaign closing on the 1st of December, 105 Punt Road highlights existing holding income from the current scheme whilst capitalising on Melbourne’s bourgeoning demand for state-of-the-art apartment projects within immediate proximity to the CBD and nearby surrounds.

For further information, and to contact the listing agents directly, please click here.