Name: 61-65 Palmerston Crescent, South Melbourne, VIC, 3205
Address: 61-65 Palmerston Crescent , VIC, South Melbourne, VIC, 3205
Telephone: +61 417 070 725

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61-65 Palmerston Crescent, South Melbourne, VIC, 3205

Properties / Buy / Victoria / South Melbourne

Development Potential

1. Property Summary

Property Type

Residential, Commercial

Sub Type

Apartment Sites, Office

Land Area

620 m² (*approx)

Zoning

Prime Commercial 1

Selling Method

EOI: Closing Friday 6th December at 12pm

EOI Closing Date

6 Dec 2024 12:00PM

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2. Property Highlights

Prime City Fringe Development Site Opportunity

Permit-Approved
Prime Commercial 1 Zoning
Alternative Residential Scheme Available

Cushman & Wakefield Development Sites are pleased to present 61-65 Palmerstone Crescent, South Melbourne for sale via Expressions of Interest closing Friday 6 December 2024 at 12:00pm (AEDT).

Unlock one of South Melbourne’s last prime development opportunities. Unbeatable Location and Approved Permit.

Key Development Highlights:

- Permit-Approved: Benefit from existing permit for a high-end boutique office development, spanning 10 levels with city skyline views.

- Prime Commercial 1 Zoning: Flexible zoning allows for diverse development possibilities, including residential, office, hotel, or co-living (STCA), catering to a wide range of investor goals.

- Premium Corner Site with Triple Frontage: The 620sqm* site boasts three street frontages, enhancing visibility, accessibility, and development potential in Melbourne’s most sought-after city-fringe location.

- Architectural Excellence: Residential plans by Elenberg Fraser and office plans by Clarke Hopkins Clarke provide for modern, sustainable designs suited to South Melbourne’s evolving skyline.

- Strong Demand Location: Positioned in South Melbourne, a rapidly growing suburb favoured by professionals and families, with a projected 14.4% population growth from 2022 to 2041.

- Nearby Iconic Melbourne Landmarks: Close to the Royal Botanic Gardens, Albert Park Lake, and South Melbourne Market, offering prospective tenants and residents a lifestyle-rich environment.

- Exceptional Public Transport Access: Only 200m from the upcoming Anzac Train Station and well-connected by nearby tram routes, offering convenient CBD access and high tenant appeal.

- High-Visibility and Natural Light: Dual laneway access and a combined 98-meter street frontage offer exceptional layout flexibility, natural light, and protected views from any redevelopment.

*Approx.

To obtain further information or to arrange an inspection, please contact the exclusive selling agent.

DANIEL WOLMAN +61 412 957 839

OLIVER HAY +61 419 528 540

LEON MA 马海翔 +61 417 070 725

Remember to mention you found this property on DevelopmentReady