2-14 Thistlethwaite Street, South Melbourne, VIC 3205

Development/Land | Offices

For Sale Contact Agent

  • Property ID: 330185
  • Floor Area: 990m²
  • Land Area: 909m²
  • Occupancy: Vacant
PRIME SOUTH MELBOURNE OPPORTUNITY

2-14 Thistlethwaite Street has a diverse appeal given its suitability for developers, owner-occupiers and investors, thanks to its outstanding development potential but also attractive existing improvements.

Features of the opportunity are:

- Site Area: 909 sqm*
- Building Area: 990 sqm*
- 20m* Frontage to Thistlethwaite St & Buckhurst Lane
- Excellent Short term income until mid 2020
- Current improvements are a two level Character Style office building with neighbouring land for 10-15 carspaces.

The Vendor has lodged plans for a development over 14 levels, taking advantage of the rare high density development potential with Capital City 1 Zoning (STCA). A link to the lodged plans and reports are available upon request and prepared by Ammache Architects.

Alternatively Owner Occupies or Investors can purchase the property with a view to utilising the existing character building when the current leases expire in mid 2020. The building’s boutique and funky style, with ample car spaces is extremely difficult to come by in this location.

Ideally located in one of the most desired developing pockets of the CBD Fringe, the property is 200m* from the new state of the art Vertical South Melbourne Primary School and 190m* from Kirrip Park. Two light tram rails and the popular South Melbourne Market are also within a 4-6 minute walk* from the property.

The Montague Precinct of Fishermans Bend will soon become one of the most vibrant CBD fringe locations.

The Property is offered for Sale by Expression of Interest which has now closed.

For more information, including the Information Memorandum, Contract of Sale and Lodged development plans, please contact the below agents.

Approx*

South Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $7349 $591 8.05%
Industrial $6340 $334 5.26%
Retail $7836 $379 4.84%
This is the average advertised price, rent and yield for South Melbourne, VIC 3205*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Parking - Commercial and private parking spaces available within 500 metres of 2-14 Thistlethwaite Street, South Melbourne, VIC 3205. Powered by Parkhound. Visit their site to find out about parking spaces available near you.
  • Nearby Cafes - Number of cafes located within 500 metres of 2-14 Thistlethwaite Street, South Melbourne, VIC 3205. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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