Development site for 88 room boutique hotel - or landbank for the future

FOR SALE VIA EXPRESSION OF INTEREST CLOSING 12 NOON ON THURSDAY 16TH APRIL 2020

437-441 Spencer Street, West Melbourne offers a rare opportunity to purchase an outstanding development site, with plans to construct an 88 room Boutique Hotel. There are endless other possibilities including the construction of offices, or apartments, or student accommodation, or build to rent. Alternatively, renovate the two existing shops!

* This prominent corner location has three street frontages.

* Minutes away from the CBD, Southern Cross Railway Station, and North Melbourne Railway Station

* Only meters from Bus Routes 216, 219 and 220, or a short stroll to the tram stop at Spencer St/La Trobe Street

* Close to Flagstaff Gardens

* Easy access via public transport with ample on and off-street parking in the area.

* Surrounded by many newly completed towers.

This property is also a great opportunity to land bank for the future, and lease and get some holding income.

Please contact the agent with any queries, or to obtain the Information Memorandum

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