Located only 3.7km from Melbourne's CBD, this well-positioned Travancore land holding of 3,752 sqm is justifiably a valuable, potential development project (STPA). Exclusively marketed by the Knight Frank team of Tim Grant, Danny Clark and Andrew Greenway, this site is highly suitable for future redevelopment options - including residential, commercial, mixed-use or an alternate product. It presently comprises of 6 office buildings with associated car parking.
Embracing an 87m frontage onto Mt Alexander Road plus ROW, this is the ideal site to add significant value or develop with holding income. This site currently has a flexible Commercial 1 Zoning status which allows a minimum height of at least 18 metres (5 storeys).
This Travancore site offers a welter of amenities - a tram stop on the front doorstep, 3 train stations within 1.2km, Tullamarine Freeway only minutes away plus the Moonee Ponds Junction retail precinct including Puckle Street, schools, numerous parks and the renown Royal Park, home to the Melbourne Zoo also close by. The six (6) adjoining office buildings will be sold as one bundle.
" Travancore is undoubtedly a strategic location that fits the important criteria’s which many investors seek from an inner-city development opportunity. The overall potential and flexibility of this site will certainly appeal to the savvy investor” Tim Grant, Knight Frank.
Summary:
- Valuable inner-city land holding of 3,752 sqm
- 87m frontage onto Mt Alexander Road plus ROW
- Flexible development options with holding income
- Currently 6 office buildings plus car parking
- Zoned Commercial 1, potential for 18 metres (5 storeys, STPA)
- 3.7km from Melbourne's CBD
- Travancore offers a welter of amenities – close proximity to public transportation and freeway, retail, schools and parklands
Please note that all financials, measurements and distances quoted are approximate only.
286-316 Mt Alexander Road, Travancore via an Expressions of Interest Campaign closing Thursday 24th August at 4pm.
For further information, please contact Knight Frank:
Tim Grant: +61 478 666 275
Andrew Greenway: +61 409 547 626
Danny Clark: +61 448 066 889
Or visit: https://www.developmentready.com.au/properties/mt-alexander-road-travancore-vic-3032
