Leading commercial agency, Melbourne Acquisitions has just listed a unique development opportunity in the heart of the Fisherman’s Bend Precinct.
On offer is a double fronted, 473 SQM site located at 168-172 Gladstone Street, South Melbourne. Prospective purchasers have the opportunity to develop this site into medium density residential, commercial or mixed use.
Whilst obtaining plans and permits, purchasers' can reap the rewards of a flexible rental income of approximately $75,000 pa.
A host of nearby amenities further enhances this outstanding location. Less than 2-KM from the CBD, on the doorstep to the Montague Station light rail, the South Melbourne market and a soon to be developed primary school (due for completion early 2018) – this site certainly is extremely well positioned.
Director of Melbourne Acquisitions, Dominic Gibson stated that, “Given the close proximity of Melbourne CBD, the rarity of the property footprint and development upside, we expect a lot of interest from both local and off-shore developers alike”.
This property is currently offered for immediate sale at $3.1 Mill.
For a copy of the Information Memorandum or more information, contact Dominic Gibson directly on
0409 366 941 or email: [email protected]