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160-174 Simpson Street View More Images

For Sale | Development Sold

Trophy East Melbourne High Exposure Investment Opportunity – Significant Landholding with Future Development Potential

160-174 Simpson Street
East Melbourne, VIC 3002
Australia
Inquire About This Property
Sale Price:
Negotiable
Lot Size:
1,300 SQM
Key Features
  • Modern 3-Level Apartment Complex
  • 1,300 sqm* corner landholding
  • Secure On-Site Car Parking

Cushman & Wakefield Melbco Middle Markets and Development Sites are delighted to present For Sale 160-174 Simpson Street, East Melbourne.


•            Commanding corner landholding of 1,300sqm* with combined street frontage of 76m*

•            Modern three-storey apartment complex consisting of 18 A-grade secure car spaces

•            24 studio serviced apartments providing secure income from current rental arrangement in place with vacant possession available in December 2025

•            Long standing tenant of over 20 years with a proven track record of high occupancy levels

•            $361,330 per annum + GST + Outgoings rental return

•            Rare city fringe opportunity for passive holding, refurbishment, development (STCA) taking advantage of Melbourne’s strong rental growth forecast

•            Flexible General Residential Zone, providing scope for a substantial residential project or alternative use (STCA)

•            Corner block benefiting from strong traffic volumes, opportunity to take advantage of excellent city views with unlimited natural light

•            One of Melbourne’s most affluent and premium suburbs, boasting a median house price of $3,340,000

•            Strategically located close to the MCG, only 300m* to Victoria Street retail strips, restaurants and essential community amenity



For Sale by International Expressions of Interest closing Wednesday 13 March 2024 at 12pm.


Private inspections by appointment only.                                                                            *Approx


Contact the Melbco Middle Markets and Development Site team today:


Daniel Wolman | 0412 957 839

Oliver Hay | 0419 528 540

Leon Ma 马海翔| 0417 070 725

160-174 Simpson Street View More Images

Brokers

Daniel-Wolman
Daniel Wolman

International Director & Co-Head Investment Sales, Victoria
Melbourne, Australia

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