LANDMARK SOUTH YARRA REAL ESTATE HOLDING WITH MAJOR REDEVELOPMENT POTENTIAL – SOLD

Emmetts acted on behalf of the eleven lot owners to advise and negotiate the simultaneous sale in one line of all lots to a single purchaser.

Investment Services, Development Services

The Property:

Situated on the corner of Lonsdale and Russell Street, and forming a gateway site to Melbourne famous China Town Precinct, the property is also situated opposite Charter Hall’s Wesley Place and diagonally opposite the highly successful QV Precinct.

Investment considerations included:

+ Major South Yarra freehold of 1,853 sq m*

+ Holding income from 11 leased retail and office units

+ Strategic location adjacent South Yarra Station.

+ Substantial redevelopment potential (STPA).

For further information regarding this sale, please contact the agents.