Fitzroys and CBRE are delighted to offer for sale this generational opportunity located within the heart of South Melbourne via Expressions of Interest closing Wednesday 3rd September at 3pm.
This irreplaceable opportunity provides investors, owner occupiers and developers with exceptional flexibility to re-position, occupy or develop this trophy site which is being offered for sale under estate instructions.
South Melbourne is fast emerging as the premier commercial and luxury residential apartment living destination with projects undertaken by some of Australia’s leading developers including Hickory, Fortis, Deague, Lowe Living, Central Equity, The Commons I & D Group and more.
The key attributes of this outstanding opportunity include:
- Incredible corner landholding of 1,391sqm* offered for the first time in 45 years
- Three street frontages totalling 115 metres*
- Prominent 2 level retail building of 1,963sqm*
- Leased to two tenants - The Chef’s Hat (occupied the site for 27 years) and Bed Bath N’ Table
- Commercial 1 zoning with favourable development parameters
- Strong foot traffic with the benefit of 2 designated pedestrian crossings leading to the property
- Immediately opposite the South Melbourne Market attracting over 5.5 million visitors annually*
- Surrounded by popular retailers including Woolworths, Coles, Aldi, Dan Murphy's, array of leading homeware retailers and hospitality operators with the popular Clarendon Shopping strip only 150 metres away
- Perfect transport amenities are close by with a bus service outside and South Melbourne light rail and Clarendon Street tram both 150 metres away
- Incredibly affluent location supporting high-end residential, office, hotel, retail and hospitality
- The most incredible development site or landbank investment to hit the market in recent memory
131 Cecil Street and 304 Coventry Street, South Melbourne is for sale by Expressions of Interest closing on Wednesday 3rd September at 3pm.
For further information or an inspection, please contact the exclusive selling agents CBRE & Fitzroys.
CBRE
Trent Hobart
+61 433 196 452
Nick Peden
+61 402 011 266
David Minty
+61 422 564 199
Fitzroys
Mark Talbot
+61 409 222 411
Lewis Waddell
+61 431 107 275
Tom Fisher
+61 417 980 824
*Approx.
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