Cushman & Wakefield Melbco Development Sites is pleased to invite Expressions of Interest (EOI) to purchase 256-262 Normanby Road, South Melbourne within Melbourne's developing Montague Precinct.
The property offers a permit-approved development opportunity which is perfectly sized for a mixed-use development catering to both Build-to-Sell and Build-to-Rent developers and operators.
- 2,023sqm* combined landholding with Capital City Zone 1 zoning
- Mixed-use scheme approved for basement, ground and 20 upper levels
- Attractive to both Build-to-Sell and Build-to-Rent developers seeking a high-end development within Melbourne's CBD fringe
- Significant combined passing income of $473,602 per annum*
- Located within two kilometres of the Melbourne CBD, 500 metres from South Melbourne Central Activity Centre, 800 metres from Bay Street Activity Centre and adjacent to South Wharf
- Within 200 metres of the Light Rail Tram Routes 109 and 96 providing direct access to the Melbourne CBD
- Well connected to the metropolitan road network, with direct access to the West Gate Freeway / M1
- The Montague Precinct is currently seeing a wave of development with a mix of BTR and BTS developments under construction with nearby developments including Greystar 617 apartments), Local (406 apartments), CDL (237 apartments), Gamuda Land (200 apartments) and situated directly opposite R Corporation existing residential tower (457 apartments)
*Approx.
Sale details: For Sale by International Expressions of Interest (EOI) closing Thursday 20 June at 2pm (AEST).
Daniel Wolman +61 412 957 839
Hamish Burgess +61 421 641 497
Marcus Neill +61 452 405 782
Oliver Hay +61 419 528 540
