Under Instructions from KordaMentha as Receivers and Managers Appointed, JLL and Cushman & Wakefield have the privilege of offering for sale this highly versatile development, investment or land bank opportunity in one of Melbourne’s most vibrant and sought-after retail and lifestyle precincts.
Key details of the opportunity include:
+ Substantial character filled two-level building providing 2,758sqm* of GFA with on-site carparking.
+ A highly versatile Commercial 1 zoned landholding of 1,627sqm* with 40m* of Swan Street frontage.
+ Strong existing short-term income profile, returning $475,796*^ + GST per annum.
+ The existing lease profile suits owner occupiers and allows for significant rental upside
+ Flexible Commercial 1 Zone and favourable planning parameters providing scope for major redevelopment (STCA), as evidenced by the new Australia Post HQ 480 Swan Street (200m* away), developed by Charter Hall.
+ Evolving commercial/lifestyle precinct with endorsement from some of Australia’s largest corporations including Australia Post, Bunnings and REA Group.
+ Positioned in Richmond’s ‘Parks Precinct’ with Burnley Park, Golden Square Bicentennial Park, Burnley Golf Course and the Yarra River all within close walking distance.
+ Highly accessible location serviced by trams along Swan & Church Streets, bicycle trails, and Burnley train station providing protected view lines towards the Yarra River.
*Approx.
^Gross
Under Instructions from KordaMentha as Receivers and Managers Appointed, 550 Swan Street, Richmond is For Sale by International Expressions of Interest closing Wednesday 24 April at 2pm (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agent.
JLL
Jesse Radisich | 0402 085 702
Josh Rutman | 0411 27 37 46
Cushman & Wakefield
Daniel Wolman | 0412 957 839
Hamish Burgess | 0421 641 497
· Substantial 2,758sqm* building
· Rare 1,627sqm* C1Z landholding
· Short-Term Income
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