132 Thistlethwaite Street South Melbourne VIC 3205

Lemon Baxter are delighted to present 132 Thistlethwaite Street South Melbourne for sale, this property represents a unique and valuable opportunity for investors, owner-occupiers, and developers seeking to invest in the city fringe area.

Located in Melbourne's Montague precinct, part of the Fisherman's Bend Urban Renewal plan, this property is well-positioned to benefit from the ongoing transformation of the area into a bustling mixed-use hub with a focus on residential and employment development.

Key Features and Benefits:
- Prime location in a city fringe area experiencing rapid transformation.
- Dual frontage enables the property to accommodate two tenancies or be merged into a single tenancy for potential 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, which supports potential redevelopment opportunities in a rapidly transforming precinct.
- Multiple major projects in the planning phase are expected to significantly boost the population density in the surrounding area.
- Excellent accessibility to transport linkages, including the 109 and 96 light rail trams, as well as major arterials such as Citylink, the M1, and Kingsway.