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Exceptional investment and unsurpassable development oppo...

18-22 Salmon Street, PORT MELBOURNE VIC, 3207

Sold

Property Sold in 18-22 Salmon Street, PORT MELBOURNE VIC, 3207

Knight Frank Australia

Level 29, 120 Collins Street, Melbourne, VIC 3000

Listing ID:
11197706
Status:
Sold
Last Updated:
01/05/2020
Icon building

Property Type

Land/Development
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Land Area

9712 SQM
Icon size

Floor Area

8470 SQM
Icon parking

Parking

N/A

Exceptional investment and unsurpassable development opportunity

Positioned prominently in a thriving precinct of Port Melbourne, 18-22 Salmon Street, Port Melbourne offers substantial holding income and unsurpassable development upside.

• Sprawling 9,712 (approx) square metre development opportunity

• Dual street frontage with over 201metres of premium exposure

• Zoned Capital City Zone 1 - City of Port Phillip

• 18 level height limit - ideal for medium to high mixed use development (STCA)

• Expected fully let income of $1,275,000 net per annum

• Building area of 8,470 sqm with 87.5% occupancy

• Overlooking an established residential market and expansive views across JL Murphy Reserve (centre piece for Port Melbourne’s recreation)

• Property is surrounded by sensational amenities with Port Melbourne beach, Bay Street, South Melbourne markets, St Kilda beach and Southbank entertainment precinct all only minutes away.

This property is for sale via Expressions of Interest closing on Thursday the 10th of November 2016 at 3:00pm.

For further information or to discuss this development opportunity in greater detail, please contact the exclusive agents directly.

For more details, please email agent

Knight Frank Australia

Level 29, 120 Collins Street, Melbourne, VIC 3000


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