JLL is pleased to present 6 & 8 Moseley Street, Glenelg for sale by Expression of Interest. Enjoying two street frontages and zoned for development up to five storeys (sta), this is a not-to-be-missed opportunity for a value add investor or developer. The properties are offered for sale in one line or individually.
Situated in one of the most prestigious beachside residential and ‘high street’ precincts, just south of Jetty Road and a short walk to the tramline and Glenelg beachfront. Suitable for a number of end uses, the zoning supports development outcomes including retail/hospitality, office, residential, or various mixed use outcomes (sta).
6 & 8 Moseley Street are fully leased to three tenants including a gymnasium, café/restaurant and residence, generating significant income. The properties are set to capitalise on the increased amenity and influx of activity in the immediate area following completion of the $50 million 5-star hotel development on the corner of nearby Jetty Road and Colley Terrace.
Zoned ‘Urban Corridor (Main Street)’, the property boasts significant redevelopment potential and opportunity for medium and high-density development up to five storeys (sta).
· Generous 1,301sqm* combined site, boasting dual frontages
· Zoned for medium and high density development up to five storeys (sta)
· Visible from Jetty Road with over 30m frontage
· Fully leased investment generating net income of $197,847pa*
Expressions of Interest closing at 4pm (ACST), on Tuesday 9th May 2023.
*approximately
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