Located only meters away from Melbourne’s CBD, this outstanding allotment of some 473m2 (approx) is arguably the most versatile property on the market today. Here is a unique opportunity that will provide you with multiple choices. Develop the site into a mixed-used residential building, develop half and keep half, build townhouses or apartments (STCA). Either option has its rewards.

The facts:
Existing building of 473m2 (approx)
Current short term lease with a return of $75,000.00 PA
Development potential of 8 levels high (STCA)
Drawings available for 8 Townhouses ranging from 24 to 26 Squares
Dual Street frontage
Capital City Zoning
Proximity to Montague Street and all major arterials with access to all regions
Close to parkland and public transport
Walking distance to Clarendon Street retail and Bay Street shops as well as South Melbourne Market

For more information contact Rickdale First National Real Estate on 03 9370 330.