A MONUMENTAL, PERMIT APPROVED, CARLTON DEVELOPMENT OPPORTUNITY

121-131 Cardigan Street, Carlton, Victoria 3053

Office For Sale

Expressions of Interest. EOI Date 5 Dec 2018
Land Area: 1,846.00 m2.    Floor Area: 2,583.00 m2.    

Car Spaces: 30   

Description

Colliers International is pleased to present the opportunity to secure Carlton’s best development opportunity at 121-131 Cardigan Street. The outstanding property comprises the following key attributes:

• Substantial 1,846m²* landholding and mixed-use zoning providing excellent development precedence
• Three (3) exceptional street frontages spanning 134m*, providing protected views and natural light corridors
• Permit approved for 13,259m²* of Gross Floor Area (GFA) and 6,689m²* of Net Saleable Area (NSA) across 9-levels, designed by the highly awarded international design firm, Fender Katsalidis
• Significant short term holding income of $582,566* per annum with large rental upside
• 30 on-site car spaces
• Located in Melbourne’s tightly held University Precinct, metres from the University of Melbourne, RMIT, Melbourne’s Bio-medical precinct and the CBD
• Nearby Lygon Street’s Golden Mile with countless restaurants, cafes and bars surrounded by tree-lined boulevards
• Conveniently serviced by the Swanston Street tram network, this strategic and sought-after location is soon to be further stimulated by the Melbourne Metro Rail and the introduction of Parkville Train Station just metres away.
• Flexibility to suit a broad range of end users including student accommodation groups, commercial or residential developers, hotel operators or passive investors looking to implement a mixed-use investment strategy
• One of Carlton’s last development opportunities of significant scale within the tightly held University Precinct

*Approx.

FOR SALE BY INTERNATIONAL EXPRESSIONS OF INTEREST CAMPAIGN CLOSING WEDNESDAY 5TH DECEMBER 12.00PM

To arrange an inspection or for more information please contact Colliers International Melbourne City Sales team as the exclusive selling agents:

Oliver Hay +61 419 528 540

Daniel Wolman +61 412 957 839

Trent Hobart +61 433 196 452

David Sia 谢忠佑 +61 430 111 223

This property is proudly marketed by the Melbourne City Sales team (MCS).

Features

  • THREE STREET FRONTAGES
  • IMMEDIATE PROXIMITY TO THE MELBOURNE CBD
  • ONE OF THE LAST DEVELOPMENTS OF SCALE

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