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3 Exley Drive, Moorabbin, VIC 3189
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Activate the Potential

Kingston City Council's has identified 3 Exley Drive, Moorabbin and the immediate surrounding Moorabbin West Mixed Use precinct as the ideal high density residential/commercial precinct.

This strategic site and location is ideal for any developer that wants to develop it's higher and better use, highlighted by the following:

* Expansive land area: 952sqm* (approx.)

* Over 77m* of frontage to Exley Drive & Ewar Street

* Activity Centre zoning (ACZ3)

* Perfect for residential and commercial development over multiple levels

* Holding income of $69,915 p.a. (net)

* 5 tenancies with final lease expiry in 2023 (no options)

* Classic and functional existing brick warehouse for ongoing income & potential retainment in development (STCA)

* Strong support from Kingston Council with the Urban Design Framework established to guide future redevelopment and transformation of the Moorabbin West Precinct

* Council is a major land-owner in this precinct and wants to see higher and better uses plus better connectivity into the activity centre

* Close proximity to major services of Moorabbin train station, Woolworths supermarket and retail amenity

* Wonderful local community facilities including $30 million redevelopment of the St Kilda Football Club and surrounding parkland.

For further details or to arrange an inspection please contact:

Julian Vautin 0420 406 660

Matt Spicer 0448 567 403

PLEASE NOTE:

* Inspections are carried out in accordance with strict Covid-19 Directions. For further details contact the Estate Agent.

* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.

Remember to mention you found this property on DevelopmentReady

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