35-37 Hancock Street Southbank VIC 3006

Savills, under instructions from the agents for the mortgagee in possession (FTI Consulting), is pleased to offer for sale this outstanding Southbank freehold building with significant development potential located in one of Melbourne's most rapidly growing areas, with apartment projects in and around Southbank in extremely high demand.

35-37 Hancock Street represents a rare opportunity to acquire a prime property in a rapidly transforming residential location, with the added benefit of holding income from the existing tenant.

Key attributes of this prime property include:

- A 2-level office building set on a strategic Southbank site
- Valuable landholding of 190sq m* with rear R.O.W.
- Current Net Rent: $62,148 per annum*
- Capital City Zone
- Outstanding development potential situated within Melbourne's most proven high rise residential precinct
- A first class location within the prized Crown Casino precinct close to the Melbourne CBD
- A very rare opportunity to secure a boutique Southbank freehold building!

This outstanding property provides an existing income stream with the added benefit of enormous development potential, being strategically located within Melbourne's most proven high rise residential hot spot.

35-37 Hancock Street is for Mortgagee Sale by Expressions of Interest closing Wednesday 18 March at 2pm.

For Further Information please contact:

Julian Heatherich - 0412 995 655
Benson Zhou - 0458 488 888