160-174 Simpson Street East Melbourne VIC 3002

Cushman & Wakefield Melbco Middle Markets and Development Sites are delighted to present For Sale 160-174 Simpson Street, East Melbourne.

Commanding corner landholding of 1,300sqm* with combined street frontage of 76m*
Modern three-storey apartment complex consisting of 18 A-grade secure car spaces
24 studio serviced apartments providing secure income from current rental arrangement in place with vacant possession available in December 2025
Long standing tenant of over 20 years with a proven track record of high occupancy levels
$361,330 per annum + GST + Outgoings rental return
Rare city fringe opportunity for passive holding, refurbishment, development (STCA) taking advantage of Melbourne's strong rental growth forecast
Flexible General Residential Zone, providing scope for a substantial residential project or alternative use (STCA)
Corner block benefiting from strong traffic volumes, opportunity to take advantage of excellent city views with unlimited natural light
One of Melbourne's most affluent and premium suburbs, boasting a median house price of $3,340,000
Strategically located close to the MCG, only 300m* to Victoria Street retail strips, restaurants and essential community amenity

For Sale by International Expressions of Interest closing Wednesday 13 March 2024 at 12pm.

Private inspections by appointment only. *Approx

Contact the Melbco Middle Markets and Development Site team today:

Daniel Wolman | 0412 957 839
Oliver Hay | 0419 528 540
Leon Ma | 0417 070 725