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.