Sought After Capital City Zone - Commercial/Residential Development Potential!

Sale Details

Sold on 16 Dec 2019

Description

This prime inner city warehouse with access points from Gladstone Street and Boundary Street is now available for private sale, subject to a short term lease. Located within the Capital City 1 Zoning, this property falls within an exciting framework, offering the potential for mixed use development (STPA) as demonstrated by the recent construction of the nearby Nightingale apartments.

The precinct is bound by the West Gate Freeway, City Road, Boundary Street, Fisherman's Bend, the 109 Tram service to Port Melbourne, providing great convenience of transport to the area. The Fisherman's Bend precinct plan aims to refresh the inner-city suburb into a sustainable mixed use area accommodating up to 80,000 people in residential zones and employ 80,000 people in an employment zone by 2050.

Key features of the property include:
- Building area of 418m2*
- Site area of 418m2* of with 10+ metre* frontage
- Capital City 1 Zoning
- Sought after Fisherman's Bend redevelopment precinct
- Access from front and rear of the property
- Potential for the development of offices, residential apartments, warehouse conversion to residential and more


*Approx
Pricing excludes GST.