> Significant gateway land holding totalling 1.94 hectares approx.
> Unique land banking opportunity with strong tenancy profile (5 tenancies)
> Rental: $1,655,000 pa (fully leased)
> Two expansive street frontages
Plummer Street: 161 metres approx
Salmon Street: 120 metres approx.
> Suit high density mixed use development (STPA)
> Zoned Capital City Zone - Schedule 1
> Concept Development Plans prepared by Award winning architectural firm - John Wardle Architects
The site is ideally positioned on the north western corner of Plummer and Salmon Streets, approximately 3 kms south west of the Melbourne CBD.
The subject property is located in the Wirraway Precinct CC2 of Fisherman’s Bend. The new Fisherman’s Bend Strategic Framework Plan (SFP) has been recently released. It encourages extensive development for the area and more specifically nominates the following for 365-391 Plummer Street:
- Building height for a bulk of the site is discretionary – no height specified for 371-391 Plummer Street (corner of site).
- Twelve storey 40 metre discretionary preferred height for 365 Plummer Street.
- Earmarked as a significant commercial hub within a future activity centre. Retail or other active commercial uses should front Plummer Street and upper levels to be high density residential.
- Plummer Street will form a civic boulevard through the urban renewal area with tram services linking to Collins Street (via a proposed river crossing to Collins Street).
