BEGIN:VCALENDAR PRODID:-//commercialrealestate.com.au//NONSGML ical.net 4.0//EN VERSION:2.0 BEGIN:VEVENT DESCRIPTION:High-Density Development Potential in Key Transport Zone\nGray Johnson is excited to bring to market this exceptional property\, strateg ically located close to Sandringham Station\, which has been designated b y the Victorian Government as a key "Train and Tram Zone" activity centre under its housing initiative.#\n\nThis property offers immediate income and exceptional potential for conversion or redevelopment. A concept plan for an 12-storey mixed-use project has been prepared by CJY Architects t hat indicates potential for uninterrupted sea views on upper levels.^\n\n Alternatively\, with lofty ceilings and a large basement cable chamber\, the property provides a blank canvas for an investor or future owner-occu pier to reposition the premises for a range of uses\, including retail\, hospitality\, medical\, creative offices or a gallery.^\n\nA lucrative tr iple net leaseback to Telstra provides time to progress renovation plans\ , or to submit plans and permits to Council for a high-density\, mixed-us e development.^\n\nThe opportunity\n Building area 560 sqm* on land 974 s qm*\n Two street frontages\n Triple net Leaseback to Telstra: 3-years (wi th early termination clause+) plus 18-month option\n Favourable Commercia l 1 Zoning\n\nThe location\n Prominent corner position in Sandringham Vil lage\n 240 metres* to Sandringham railway station\n A multitude of shops\ , eateries and professional services on the doorstep\n 6-minute* walk to Sandringham Beach\n Ready access to major arterials\n\nExpressions of Int erest closing Wednesday 12 August at 2 pm\n\n#www.premier.vic.gov.au\n+co nditions apply\n*approx.\n^STPA DTEND:20260812T140000 DTSTAMP:20260714T060532Z DTSTART:20260812T140000 SEQUENCE:0 SUMMARY:Expression Of Interest: 22a Abbott Street\, Sandringham VIC UID:CRE-2020994295-EOI X-ALT-DESC;FMTTYPE=text/html:< title>

High-Density Development Potential in Key Transport Zone
GrayJohnson is excited to bring to market thi s exceptional property\, strategically located close to Sandringham Stati on\, which has been designated by the Victorian Government as a key "Trai n and Tram Zone" activity centre under its housing initiative.#\n
\ n
This property offers immediate income and exceptional potential f or conversion or redevelopment. A concept plan for an 12-storey mixed-use project has been prepared by CJY Architects that indicates potential for uninterrupted sea views on upper levels.^\n
\n
Alternatively \, with lofty ceilings and a large basement cable chamber\, the property provides a blank canvas for an investor or future owner-occupier to repos ition the premises for a range of uses\, including retail\, hospitality\, medical\, creative offices or a gallery.^\n
\n
A lucrative t riple net leaseback to Telstra provides time to progress renovation plans \, or to submit plans and permits to Council for a high-density\, mixed-u se development.^\n
\n
The opportunity\n
Building area 560 sqm* on land 974 sqm*\n
Two street frontages\n
Triple n et Leaseback to Telstra: 3-years (with early termination clause+) plus 18 -month option\n
Favourable Commercial 1 Zoning\n
\n
Th e location\n
Prominent corner position in Sandringham Village\n 240 metres* to Sandringham railway station\n
A multitude of s hops\, eateries and professional services on the doorstep\n
6-minu te* walk to Sandringham Beach\n
Ready access to major arterials\n
\n
Expressions of Interest closing Wednesday 12 August at 2 p m\n
\n
#www.premier.vic.gov.au\n
+conditions apply\n *approx.\n
^STPA

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