CRS Property is pleased to offer this property for sale by Expression of Interest closing Thursday 7th November at 3.00pm.
382-390 Victoria Street, Richmond represents an unprecedented opportunity to secure a commanding corner landholding on the fringe of the Melbourne CBD. A highly sought-after development opportunity located in a rapidly emerging commercial and residential pocket of Richmond.
A strategic corner landholding of 750m2 with prominent main road exposure to Victoria Street, and McKay Street combining 55 metres* of street frontage.
The property is positioned within the heart of Richmond, surrounded by every conceivable amenity.
Key attributes:
- Site area: 750m2*
- Building area of 380m2* with ample on-site car parking
- Leased to MaxMark Wholesale on a 5 + 5 lease from September 2022 with a redevelopment clause.
- Current rental of $93,150 per annum plus GST
- Commercial 1 Zoning allows for a vast range of end uses including residential, commercial office, retail, medical and providing the potential to build to a height of 24 metres (STCA)
- Multiple site entrance points provide efficient site access for further development
- Located between Church and Burnley and within close proximity from Bridge Road and Church Street retail/entertainment strip and walking distance to Victoria Gardens Shopping Centre.
- Centrally located to public transport, with North and West train stations in addition to trams along Victoria Street and Bridge Street all within close proximity.
- The future multi-level development opportunity has the right attributes for the astute purchaser.
- An absolute prime position in one of Melbourne's most high sought after suburb and booming location, only 4kms* from the Melbourne CBD.
- Richmond is in a vibrant city-fringe location, an area which is experiencing continuous growth due to numerous commercial and residential developments.
*approx.
For more information, please Lou Montalti 0488 553 455 lou@crsproperty.com.au
