Lemon Baxter is pleased to present 275 Normanby Road, Port Melbourne, an exciting development opportunity positioned at the gateway of Australia's largest urban renewal corridor. Occupying a rare 4,200 sqm footprint just 2km from the Melbourne CBD, this ultimate design canvas features an exceptional 291 meters of combined four-street frontage.
Secure a $1.625 million p.a.* net holding income via a proposed short-term leaseback, completely offsetting carrying costs during the planning phase (STCA). Set among premium institutional-grade developments, a city-fringe island site landholding of this geometric scale is incredibly rare.
- A major 4,200 sqm* city-fringe landholding held across two freehold titles
- 291 meters* of combined frontages across Normanby Rd, Ingles St, Evans St and Boundary St
- Generates approximately $1,625,000 p.a.* net holding income via a secure short-term leaseback
- Features highly functional, specialised technical and laboratory improvements
- Positioned on the coveted Port Melbourne/South Melbourne border with walkable access to South Melbourne Market, DFO South Wharf and riverfront dining
- Located adjacent to the Fishermans Bend Renewal precinct, benefitting from immediate tram access, and proposed train and cycling corridors
- Significant short-term repositioning and future mixed-use or high-density residential redevelopment potential (STCA)
275 Normanby Rd is being offered For Sale by Expressions of Interest (EOI) closing Wednesday 8th July at 12:00pm (AEST).
To request access to the online Data Room for due diligence documentation or to arrange an inspection, please contact the exclusive Lemon Baxter agents today.
*approx
Remember to mention you found this property on DevelopmentReady
Lemon Baxter is pleased to present 275 Normanby Road, Port Melbourne, an exciting development opportunity positioned at the gateway of Australia's largest urban renewal corridor. Occupying a rare 4,200 sqm footprint just 2km from the Melbourne CBD, this ultimate design canvas features an exceptional 291 meters of combined four-street frontage.
Secure a $1.625 million p.a.* net holding income via a proposed short-term leaseback, completely offsetting carrying costs during the planning phase (STCA). Set among premium institutional-grade developments, a city-fringe island site landholding of this geometric scale is incredibly rare.
- A major 4,200 sqm* city-fringe landholding held across two freehold titles
- 291 meters* of combined frontages across Normanby Rd, Ingles St, Evans St and Boundary St
- Generates approximately $1,625,000 p.a.* net holding income via a secure short-term leaseback
- Features highly functional, specialised technical and laboratory improvements
- Positioned on the coveted Port Melbourne/South Melbourne border with walkable access to South Melbourne Market, DFO South Wharf and riverfront dining
- Located adjacent to the Fishermans Bend Renewal precinct, benefitting from immediate tram access, and proposed train and cycling corridors
- Significant short-term repositioning and future mixed-use or high-density residential redevelopment potential (STCA)
275 Normanby Rd is being offered For Sale by Expressions of Interest (EOI) closing Wednesday 8th July at 12:00pm (AEST).
To request access to the online Data Room for due diligence documentation or to arrange an inspection, please contact the exclusive Lemon Baxter agents today.
*approx
Remember to mention you found this property on DevelopmentReady
275 Normanby Road, Port Melbourne, VIC, 3207
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