Commercial: Office / Retail, Other
RARE SOUTH MELBOURNE ISLAND SITE WITH DEVELOPMENT POTENTIAL
Lemon Baxter in conjunction with Kypa Property are delighted to offer 51-65 Buckhurst Street, South Melbourne for Private Sale.
51-65 Buckhurst Street represents a unique land bank opportunity with strong passing income from two separate buildings with 5 separate tenancies.
Situated within the Capital City Zone under the City of Port Phillip, the development potential for this site is now extensive with the new maximum height for this property is 12 stories (STCA) based on the newly released gazetted framework recently released by the Victorian Government.
The improvements consist of Two (2) modern commercial buildings:
• 51-57 Buckhurst Street is occupied by two commercial occupants.
• 59-65 Buckhurst Street is occupied by three commercial occupants.
This location provides direct access to Citylink, Westgate Freeway and the Melbourne CBD via Montague Street. There is a tram service within a very short walk along with the Bay Street Retail precinct and South Melbourne Market also within walking distance.
For further information, please contact:
Richard Hutton - 0418 531 772
Will McMullin - 0403 557 259
George Kypriotis- 0412 560 810
Remember to mention you found this property on DevelopmentReady.com.au