True Warehouse Opportunity
Incredible opportunity for motivated property developers, investors and aspiring architects (STCA), this sensationally located former "Southern Motors" workshop/service department building shell is set behind an evocative circa 1920's brick façade. On the corner of Lothian Street and Little Dryburgh Street North, with front and rear access, the property boasts triple street frontage, land approximately 1014 m2, excellent redevelopment potential (STCA), or use the existing permit for 33 apartments. With an in-demand city edge address, within steps from city trams, North Melbourne Recreation Reserve, swimming pool, parklands and planned Arden Urban Renewal Precinct, including a new Metro train station, this is an attractive proposition for those searching for that elusive blank canvas on which to showcase their wares and capitalise on land, location and quality investment opportunities. With an eye to the future, the property enjoys close proximity to the city's leading hospital and university precincts, Royal Park, North Melbourne station, CityLink access, vibrant arts and cultural districts, Errol Street cafés, boutique shops and Queen Victoria Market, while zoning for elite schools, including University High, adds extra appeal.
Alexkarbon Real Estate
122 Errol Street, North Melbourne VIC 3051
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