RECEIVERS SALE | Trophy Swan Street Building with Significant Development Potential Under Instructions from KordaMentha as Receivers and Managers Appointed, JLL and Cushman & Wakefield have the privilege of offering for sale this highly versatile development, investment or land bank opportunity in one of Melbourne’s most vibrant and sought-after retail and lifestyle precincts. Key details of the opportunity include: + Substantial character filled two-level building providing 2,758sqm* of GFA with on-site carparking. + A highly versatile Commercial 1 zoned landholding of 1,627sqm* with 40m* of Swan Street frontage. + Strong existing short-term income profile, returning $475,796*^ + GST per annum. + The existing lease profile suits owner occupiers and allows for significant rental upside + Flexible Commercial 1 Zone and favourable planning parameters providing scope for major redevelopment (STCA), as evidenced by the new Australia Post HQ 480 Swan Street (200m* away), developed by Charter Hall. + Evolving commercial/lifestyle precinct with endorsement from some of Australia’s largest corporations including Australia Post, Bunnings and REA Group. + Positioned in Richmond’s ‘Parks Precinct’ with Burnley Park, Golden Square Bicentennial Park, Burnley Golf Course and the Yarra River all within close walking distance. + Highly accessible location serviced by trams along Swan & Church Streets, bicycle trails, and Burnley train station providing protected view lines towards the Yarra River. *Approx. ^Gross JLL Jesse Radisich | 0402 085 702 Josh Rutman | 0411 27 37 46 Cushman & Wakefield Daniel Wolman | 0412 957 839 Hamish Burgess | 0421 641 497
JLL - Melbourne
Level 40, 101 Collins Street, Melbourne, Vic
Cushman & Wakefield - Melbourne
Level 9, 385 Bourke Street, Melbourne, Vic
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