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Sold on 1 Jun 2016

253-273 Normanby Road South Melbourne VIC 3205

  • Development / Land
  • 7,661 m²
  • Sold

THE BEST LAND BANK DEVELOPMENT OPPORTUNITY IN MELBOURNE

  • NEARLY $700,000 IN NET ANNUAL INCOME
  • LANDHOLDING OF 7661sqm* OVER TWO TITLES
  • HUGE DEVELOPMENT POTENTIAL (STCA)

253-273 Normanby Road, South Melbourne

Unprecedented 7,661sqm* land bank development opportunity.

Three major street frontages totalling 297m*

Current lease to world renowned Oxford University for $688,724 pa* net until 29th March 2018, with a 6 month option period, occupying the high quality 4,515sqm* office and warehouse improvements

Located only 1.5km* from the CBD, 100m* to Montague Street Light Rail and strong transport linkages via the West Gate Freeway, Montague Street and Citylink

The Fishermans Bend Urban Renewal Structure Plan provides for a 40 level height limit, offering significant development potential (STCA)

FOR SALE VIA INTERNATIONAL EXPRESSION OF INTEREST CLOSING THURSDAY 7TH APRIL AT 2PM

OPEN FOR INSPECTION:
FRIDAY 11TH OF MARCH FROM 2-3PM
FRIDAY & 18TH OF MARCH FROM 2-3PM

CBRE Victorian Development Sites Team

Mark Wizel
+61 409 809 868

Josh Rutman
+61 411 273 746

Julian White
+61 422 764 137

Ed Wright
+61 421 213 021

*approx

CBRE Melbourne
CBRE Melbourne

Property Highlights

Property ID2012640864
Date Sold1 Jun 2016
Floor AreaAsk Agent
Land Area7,661 m²
ParkingOn site parking available
Category
Last updated  12 Nov 2020
Map for 253-273 Normanby Road South Melbourne VIC 3205
Map for 253-273 Normanby Road South Melbourne VIC 3205253-273 Normanby Road South Melbourne VIC 3205
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  • Purchase price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

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CBRE Melbourne
CBRE Melbourne

Property Highlights

Property ID2012640864
Date Sold1 Jun 2016
Floor AreaAsk Agent
Land Area7,661 m²
ParkingOn site parking available
Category
Last updated  12 Nov 2020
CBRE Melbourne
Level 34, 8 Exhibition Street Melbourne VIC 3000

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