CRS Property is pleased to offer this property for sale by Expression of Interest closing Thursday 7th November at 3.00pm.

382-390 Victoria Street, Richmond represents an unprecedented opportunity to secure a commanding corner landholding on the fringe of the Melbourne CBD. A highly sought-after development opportunity located in a rapidly emerging commercial and residential pocket of Richmond.

A strategic corner landholding of 750m2 with prominent main road exposure to Victoria Street, and McKay Street combining 55 metres* of street frontage.

The property is positioned within the heart of Richmond, surrounded by every conceivable amenity.

Key attributes:

- Site area: 750m2*

- Building area of 380m2* with ample on-site car parking

- Leased to MaxMark Wholesale on a 5 + 5 lease from September 2022 with a redevelopment clause.

- Current rental of $93,150 per annum plus GST

- Commercial 1 Zoning allows for a vast range of end uses including residential, commercial office, retail, medical and providing the potential to build to a height of 24 metres (STCA)

- Multiple site entrance points provide efficient site access for further development

- Located between Church and Burnley and within close proximity from Bridge Road and Church Street retail/entertainment strip and walking distance to Victoria Gardens Shopping Centre.

- Centrally located to public transport, with North and West train stations in addition to trams along Victoria Street and Bridge Street all within close proximity.

- The future multi-level development opportunity has the right attributes for the astute purchaser.

- An absolute prime position in one of Melbourne's most high sought after suburb and booming location, only 4kms* from the Melbourne CBD.

- Richmond is in a vibrant city-fringe location, an area which is experiencing continuous growth due to numerous commercial and residential developments.

*approx.

For more information, please Lou Montalti 0488 553 455 lou@crsproperty.com.au

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