background

LIVE IN AND INVEST - PRIME FRINGE FREEHOLD WITH FUTURE DEVELOPMENT OPPORTUNITY

Description

Live in now while you have a secure rental from the ground floor below. A unique development opportunity to purchase a leased investment plus separate residence above with development potential for the future. Located on the fringe of Melbourne CBD.

• Renovated two storey building with a secure tenancy on the ground floor and separate residence above with direct access. (Secure ground floor lease for 5 years commencing 1 April 2016 at $33,475pa with further options).
• An allowable development height of at least 24 metres*
• Flexible Capital Zone – CCZ5 (STCA)
• Rear access and onsite parking
• Boutique development opportunity
• Land Area 135m² approx.
• Building Area 180 m² approx.

Ideally located within a stroll of trams, Melbourne University, RMIT University, University High School Zone, University High School Zone, lively Errol Street, Queen Victoria Market, Flagstaff Gardens and Melbourne's hospital district including the Royal Children's Hospital, Royal Melbourne Hospital and the New Victorian Comprehensive Cancer Centre

For further details contact:
Chares Bongiovanni 0414 339 644
Alex Puglia 0458 393 162
Bob Zhang 0425 930 711