Located in Melbourne’s dynamic Montague precinct, part of the Fisherman’s Bend Urban Renewal plan, the property is set to benefit from the precinct’s rapidly evolving focus on residential and employment development as the area evolves into a dynamic mixed use precinct.
Key investment considerations include:
+ Absolute prime position in key city fringe location undergoing rapid transformation.
+ Dual frontage allowing for two tenancies or for the property to be combined as one tenancy for future owner-occupation.
+ Fully leased until mid 2024 for a combined passing income of $95,000 pa plus GST,
+ Potential for vacant possession by mid 2024.
+ Extremely favourable Capital City zoning promoting future redevelopment in a transforming precinct with a preferred max building height of 8 storeys.
+ Numerous major nearby projects in planning that will further increase the surrounding population density significantly.
+ Proximity to the R.Iconic, 900 apartments over two towers, nearing completion, and Greystar’s 722 apartment build to rent project, set to commence shortly.
+ Outstanding access to transport linkages the 109 and 96 light rail tram and major arterials including Citylink, the M1 and Kingsway.
+ Land area of 507 square metres*
132 Thistlethwaite Street, South Melbourne is for sale by Public Auction Friday 2nd of September at 11am on site.
Please contact the exclusive Agents for further information.
*denotes approx
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