Watch Watch
+11 Photos
40-48 Park Street, South Melbourne, VIC 3205

2. Property Highlights

Domain Precinct Freehold with Development Upside
  • The Ultimate Mixed-Use Opportunity
  • 225m* to ANZAC Station
  • Occupy, Invest, Reposition or Develop

Colliers Melbourne City Sales are pleased to deliver 40-48 Park Street, South Melbourne to market, right in time for the upcoming completion of ANZAC Station 225m* away. Rarely does an opportunity of this nature become available as evidenced by the longevity of ownership from the current vendor and occupation of the outgoing tenant – both with over 35 years history at the property.

The property offers the following key features:

• Self-contained two-level office freehold**

• The perfect company HQ – flexible layout, onsite parking, and prominent signage potential

• Underlying land parcel of 1,168 square metres

• High profile Park Street frontage plus rear access

• Favourable planning parameters & development upside

• Mixed Use Zone allows office, retail, hotel, residential, BTR, education or healthcare^

• DDO-26-2 prescribes a height limit of 60 metres^

• 225m* from ANZAC Station, part of the $11billion* Metro Tunnel project with completion due 2025

• Short walk to the Royal Botanic Gardens precinct

• A proven boulevard of development success!

*Approximate ^Subject to Council Approval **4.5 Star NABERS Energy Rating

For Sale by International Expressions of Interest Closing Wednesday 28 February at 3pm (AEDT)

To arrange an inspection or for more information please get in touch with the exclusively appointed agents from Colliers Melbourne City Sales:

Nick Garoni | 0403 409 004

Matt Stagg | 0409 411 300

Yvonne Zhou | 0415 100 831

Remember to mention you found this property on DevelopmentReady

Read More

4. Property Location

40-48 Park Street, South Melbourne, VIC 3205