SOLD
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Residential, Mixed Use
121-131 Cardigan Street, Carlton, VIC, 3053

Property details

  • Property ID:
    13470
  • SOLD:
  • Area:
    1,846.00 m2 (*approx)
  • Type:

    Residential: Apartment Sites

    Mixed Use:

  • Development Approved:
    For 13,259m²* of Gross Floor Area (GFA) and 6,689m²* of Net Saleable Area (NSA) across 9-levels
Agency information
Oliver Hay
Daniel Wolman
Trent Hobart
David Sia 谢忠佑

Overview

A MONUMENTAL, PERMIT APPROVED, CARLTON DEVELOPMENT OPPORTUNITY
 
SOLD
  • THREE STREET FRONTAGES
  • IMMEDIATE PROXIMITY TO THE MELBOURNE CBD
  • ONE OF THE LAST DEVELOPMENTS OF SCALE
Colliers International is pleased to present the opportunity to secure Carlton’s best development opportunity at 121-131 Cardigan Street. The outstanding property comprises the following key attributes:
  • Substantial 1,846m²* landholding and mixed-use zoning providing excellent development precedence
  • Three (3) exceptional street frontages spanning 134m*, providing protected views and natural light corridors
  • Permit approved for 13,259m²* of Gross Floor Area (GFA) and 6,689m²* of Net Saleable Area (NSA) across 9-levels, designed by the highly awarded international design firm, Fender Katsalidis
  • Significant short term holding income of $582,566* per annum with large rental upside
  • 30 on-site car spaces
  • Located in Melbourne’s tightly held University Precinct, metres from the University of Melbourne, RMIT, Melbourne’s Bio-medical precinct and the CBD
  • Nearby Lygon Street’s Golden Mile with countless restaurants, cafes and bars surrounded by tree-lined boulevards
  • Conveniently serviced by the Swanston Street tram network, this strategic and sought-after location is soon to be further stimulated by the Melbourne Metro Rail and the introduction of Parkville Train Station just metres away.
  • Flexibility to suit a broad range of end users including student accommodation groups, commercial or residential developers, hotel operators or passive investors looking to implement a mixed-use investment strategy
  • One of Carlton’s last development opportunities of significant scale within the tightly held University Precinct
*Approx.
 
To arrange an inspection or for more information please contact Colliers International Melbourne City Sales team as the exclusive selling agents:
 
Oliver Hay +61 419 528 540
 
Daniel Wolman +61 412 957 839
 
Trent Hobart +61 433 196 452
 
David Sia 谢忠佑 +61 430 111 223

Remember to mention you found this property on DevelopmentReady.com.au
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