This highly valuable inner-city land holding of over 590sqm in Brunswick is only 4km from Melbourne's CBD.
The CBRE Melbourne team of Scott Orchard, Ed Wright and Nathan Mufale believe that this site offers an exciting opportunity to deliver a truly boutique apartment project - right in the heart of Sydney Road.
With an architectural planning scheme for 24 one and two bedroom apartments, plus premium ground level retail (two shops), this site has a multitude of key qualities - especially its outstanding multiple street frontages to Sydney Road and Saxon Street. Currently, the existing commercial shop front and display suite fit-out present a potential income opportunity.
Overall, this site is perfectly located in one of Melbourne's most popular cultural and multicultural hubs. Surrounded by prime retail (Woolworths, Bunnings and Barkly Square Centre) plus commercial and residential. Additionally, within easy distance to Princess Park, Lygon Street, RMIT and Melbourne University, all lifestyle options are clearly accessible.
"This Brunswick site presents an exciting opportunity for the astute investor to capitalise on proven buyer demand for an inner-city location. We currently rate this site as Brunswick's best boutique development opportunity and the expectation is that buyer interest with be strong.” Ed Wright, CBRE Melbourne.
Summary:
- Highly valuable inner-city landholding of 590 sqm
- Architectural scheme for 24 one & two bedroom apartments, plus ground level retail x2
- Multiple street frontages - Sydney Road and Saxon Street
- Existing commercial shop front and display suite fit out, with income potential
- 4 km from Melb. CBD, on the doorstep to prime retail, transportation and education options
Please note that all financials, measurements and distances quoted are approximate only.
211-213 Sydney Road, Brunswick is for Sale by via public on-site Auction on Wednesday 14th December 2016 at 12.30pm
For further information please contact CBRE Melbourne:
Scott Orchard: (+61) 425 760 712
Ed Wright: (+61) 421 213 021
Nathan Mufale: (+61) 416 789 218
Or Visit: https://www.developmentready.com.au/properties/211-213-...
