two new fitzroy opportunities bursting with development potential

two new fitzroy opportunities bursting with development potential

May 2019
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Two New Fitzroy Opportunities Bursting with Development Potential

The team from Gross Waddell have launched two development sites in arguably one of Melbourne’s most highly sought-after inner city suburbs.

With selling agent Benjamin Klein leading the charge, these two development opportunities each offer sizeable landholdings zoned Commercial 1, with potential for an array of mixed-use configurations.

“Right in the heart of all the action, both properties hold prime positioning between Smith and Brunswick Streets,” Mr Klein commented.

“At times it can feel as if everyone in Melbourne is trying to secure their address in this locality, and that’s an amazing situation for developers and investors to capitalise on. I strongly urge interested parties to enquire on the properties today to arrange inspections; I expect competition to be strong.”

Cnr Johnston, Gore & Argyle Streets, Fitzroy, VIC, 3065
2,434sqm landholding zoned Commercial 1 and the first time this site is offered to the market in over 50 years. There exists strong potential for a range of Commercial, Residential and Mixed-Use projects to be pursued.

The property presents a remarkable three street frontages and encompasses seven separate titles. Currently the site offers $532,904* p.a. of holding income; an ideal situation while plans are devised.

EOI Closing Thursday 20 June 2019 at 4pm.

371-373 George Street, Fitzroy, VIC, 3065
767sqm landholding zoned Commercial 1 with multiple development outcomes just waiting to be explored, including; multi-storey apartment complex, office space, mixed-use project.

The property presents a 12m street frontage to George Street, with five on-site car spaces and a ROW with dual roller shutter door access. Currently the site offers a short-term lease incurring rental income of $113,956* p.a. offering security while plans and permits are acquired.

To be sold at auction Thursday 20 June 2019 onsite at 12pm

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

Enquire today to receive further information and to organise an inspection.

Gross Waddell:
Benjamin Klein: +61 433 047 000
Michael Gross: +61 419 355 561