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77-81 & 83-87 Mark Street, NORTH MELBOURNE, VIC 3051
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Property Highlights

A TRULY UNIQUE LARGE SCALE CITY FRINGE OPPORTUNITY
  • Enormous landholding of 5,735 sqm*
  • Attractive allowable height
  • Ease of access to major road arterials

Conjunctional agents Knight Frank and Colliers are delighted to offer 77-81 and 83-87 Mark Street, North Melbourne For Sale by International Expression of Interest closing Thursday, 2 December 2021 at 3pm (AEDT).

This truly unique large scale mixed used zoned property is ideally positioned in the immediate Melbourne City Fringe suburb of North Melbourne, which has undergone a transformation from its industrial roots to become a chic inner-city haven for many businesses and residence.

The key attributes of the property include:

• An enormous North Melbourne landholding of 5,735 sqm (approx.) with a building area of 5,198 sqm (approx.)

• Two (2) independent buildings that are side-by-side in excellent condition with a large and expansive Mark Street frontage of over 85 metres (approx.)

• Short-term holding income from major logistics group Toll Transport with an estimated fully leased income of $600,000 per annum (approx.)

• Flexible and highly desirable Mixed-Use Zoning (MUZ) and part of the Macaulay Urban Renewal Structure Plan

• Attractive allowable height for new developments

• Prime inner-city location providing a highly compelling for alternate development outcomes such as Build to Rent and Co-Living

• Within walking distance to public transport hubs including the under-construction Melbourne Metro Station of Arden

• Ease of access to major road arterials

• Well positioned for owner occupiers, investors, and developers (STCA)

For Sale by International Expression of Interest closing Thursday, 2 December 2021 at 3pm (AEDT).

For further information or to arrange an inspection please contact one of the exclusive selling agents.

*approx

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

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