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SOLD

437-441 Spencer Street, WEST MELBOURNE, VIC 3003

Development Potential
DETAILS

FLEXIBLE CITY FRINGE CORNER FREEHOLD (WITH SCHEME FOR 88 ROOM HOTEL)

SOLD for $2.65M

437-441 Spencer Street, West Melbourne occupies a prominent corner position in a rapidly developing precinct on the doorstep of the CBD. Improvements comprise two double story retail buildings available with vacant possession. The property also includes a scheme for a 17 level, 88-room boutique hotel. Therefore, it provides maximum flexibility for investors, owner-occupiers and developers.

  • Two double story retail buildings
  • Land area 268m²* with access from three sides
  • Scheme for 88 room boutique hotel
  • Zoned Mixed Use (MUZ)
  • Vacant possession
  • Prominent dual street frontages situated upon the South West intersection of Spencer Street and Dudley Street.
  • West Melbourne is a rapidly developing suburb on the doorstep of the Melbourne CBD.
  • Surrounded by major residential, commercial, hotel and education developments.
  • Vibrant city fringe location within walking distance of CBD, North Melbourne retail precinct, Flagstaff Gardens and Queen Victoria Market.
  • Excellent access to public transport situated between Southern Cross Station and Flagstaff Station
  • Improvements comprise two double story retail buildings ideal for refurbishment and holding as an investment or to owner-occupy.
  • Schemes for a 17 level, 88-room boutique hotel.
  • Mixed Use Zoning enables other development outcomes to be explored including student accommodation, residential apartments or strata office.

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

DEVELOPMENT SITE SUMMARY
SOLD:
SOLD:
$2.65M
Property Area
AREA:
268 m² (*approx)
Property Type
TYPE:
Commercial, Residential, Mixed Use,
Development Potential
DEVELOPMENT APPROVAL:
Plans to construct an 88 room Boutique Hotel. Or potential for Offices, Apartments, Student Accommodation, Build to rent.

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437-441 Spencer Street, WEST MELBOURNE, VIC 3003
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