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SOLD

11-21 Buckhurst Street, South Melbourne, VIC 3205

Properties / Sold / Victoria / South Melbourne

Development Potential

1. Property Summary

Property Type

Mixed Use

Land Area

772 m² (*approx)

Selling Method

EOI:

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2. Property Highlights

This One Has It All

Colliers International is pleased to offer 11-21 Buckhurst Street, South Melbourne For Sale by Expression of Interest closing Wednesday 16th March 2016 at 3pm.

Located approximately 1 kilometre south of the Melbourne CBD, 11-21 Buckhurst Street, South Melbourne is an asset that delivers immediate income from two tenants and the very real prospect of a residential apartment redevelopment (STCA) in years to come.

This strategic land holding possesses a two level office building that benefits from two street frontages, diversified income stream with in-built rental growth and a flexible zoning allowing for multiple uses. Opportunities such as this are rare to come by and it will have wide appeal to passive investors, land-banking developers and potential long-term owner occupiers.

Key attributed of the offering include:

• Quality built two storey building

• Two street frontages with a land area of 772m² (approx.)

• Terrific tenancy profiles and well-structured leases

• Net income $280,800 p.a.

• Off-street car parking at the rear

• Surrounded by high profile businesses, schools, public transport and parks

• Zoned Capital City Zone 1 (CCZ1)

• Allowable height 18 storey discretionary (60m)

For more information on the above property please contact the exclusive selling agents at Colliers International.

Find out more: Click on the MESSAGE AGENT button above, or when calling the nominated Agents remember to mention you found this property on DevelopmentReady