437-441 Spencer Street, WEST MELBOURNE, VIC 3003

FLEXIBLE CITY FRINGE CORNER FREEHOLD (WITH SCHEME FOR 88 ROOM HOTEL)

SOLD for $2.65M

437-441 Spencer Street, West Melbourne occupies a prominent corner position in a rapidly developing precinct on the doorstep of the CBD. Improvements comprise two double story retail buildings available with vacant possession. The property also includes a scheme for a 17 level, 88-room boutique hotel. Therefore, it provides maximum flexibility for investors, owner-occupiers and developers.

• Two double story retail buildings
• Land area 268m²* with access from three sides
• Scheme for 88 room boutique hotel
• Zoned Mixed Use (MUZ)
• Vacant possession
• Prominent dual street frontages situated upon the South West intersection of Spencer Street and Dudley Street.
• West Melbourne is a rapidly developing suburb on the doorstep of the Melbourne CBD.
• Surrounded by major residential, commercial, hotel and education developments.
• Vibrant city fringe location within walking distance of CBD, North Melbourne retail precinct, Flagstaff Gardens and Queen Victoria Market.
• Excellent access to public transport situated between Southern Cross Station and Flagstaff Station
• Improvements comprise two double story retail buildings ideal for refurbishment and holding as an investment or to owner-occupy.
• Schemes for a 17 level, 88-room boutique hotel.
• Mixed Use Zoning enables other development outcomes to be explored including student accommodation, residential apartments or strata office.

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