3-5 Craine Street South Melbourne VIC 3205

Lemon Baxter are excited to present 3-5 Craine St for private sale. This prime development site has an approved permit for a 6 storey commercial building with 2 storey basement.
The building is located in South Melbourne's strongest retail pocket, on the East side of Craine Street with frontages to both Craine Street and Lt Moray Place. The offering comprises a standalone, single-level high bay warehouse. The property is built to the boundary and totals 335sqm with 21.3 m frontage to Craine Street.

There is a lease in place with a 6 month development clause.

Total land area: 335sqm*
Craine St frontage 21.3sqm*
Development approval 1,180sqm* office + 94sqm retail
Total Overall Gross building area on completion: 2,420sqm
Short term income
Zoning: Commercial 2