Fantastic development opportunity with significant road frontage to Bute Street totalling 67.02 metres and the uniform depth of the site of 20.96 metres make it an ideal residential development site.
There are two certificates of title, Lot 1 has a frontage to Bute Street of 45.83 metres by a depth of 20.96 metres and has a total site area of 961.2sqm. The second title shows a frontage to Bute Street of 21.19 metres by a depth of 20.96 metres having a total area of 443sqm.
Both titles combined have an overall area of 1,404.2sqm
The subject property is zoned Mixed Use and is located in a neighbourhood of Victoria University, Footscray Market and the Footscray Railway Station.
Bute Street has undergone a significant transformation over the recent years including a significant high quality unit development site on the corner of Buckley Street and Bute Street together with a number of infill warehouse conversions.
Erected on the building is an unoccupied brick warehouse having a concrete floor with clear span roof.
The locational forces of the site include Victorian University, Footscray Station, Footscray Market and shopping area and its central proximity to Melbourne CBD all combine to make this site of significant interest to development.