Kingston City Council's has identified 3 Exley Drive, Moorabbin and the immediate surrounding Moorabbin West Mixed Use precinct as the ideal high density residential/commercial precinct.
This strategic site and location is ideal for any developer that wants to develop it's higher and better use, highlighted by the following:
* Expansive land area: 952sqm* (approx.)
* Over 77m* of frontage to Exley Drive & Ewar Street
* Activity Centre zoning (ACZ3)
* Perfect for residential and commercial development over multiple levels
* Holding income of $69,915 p.a. (net)
* 5 tenancies with final lease expiry in 2023 (no options)
* Classic and functional existing brick warehouse for ongoing income & potential retainment in development (STCA)
* Strong support from Kingston Council with the Urban Design Framework established to guide future redevelopment and transformation of the Moorabbin West Precinct
* Council is a major land-owner in this precinct and wants to see higher and better uses plus better connectivity into the activity centre
* Close proximity to major services of Moorabbin train station, Woolworths supermarket and retail amenity
* Wonderful local community facilities including $30 million redevelopment of the St Kilda Football Club and surrounding parkland.
For further details or to arrange an inspection please contact:
Julian Vautin 0420 406 660
Matt Spicer 0448 567 403
PLEASE NOTE:
* Inspections are carried out in accordance with strict Covid-19 Directions. For further details contact the Estate Agent.
* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.
