Outstanding South Melbourne Residential Development Offering

Outstanding South Melbourne Residential Development Offering


May 2017
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Outstanding South Melbourne Residential Development Offering

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-... 

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