Tiga is pleased to exclusively present 213-217 Normanby Road,South Melbourne, with the following key property highlights:
- AAA Covenant: 213-217 Normanby is centrally 1 of 3 properties occupied by multinational automotive manufacturer ‘Melbourne City Toyota’. Strategic holding income of two (2) years remaining on the lease resulting in upside in rental growth.
- Highly Exposed City Fringe Landholding: A desirable rectangular shape site, boasting front and rear access points and unparalleled transport exposure. Focal point for signage and marketing, exposing the asset to passing work commuters, residents, and tourists.
- Sustained Earnings: Maximise value with the assurance of holding income. Capitalise on the assets current state or potential rental uplift.
- Premier Lifestyle and Amenity: Seize the opportunity to be amid growing amenity and local & international tourism including M Hotel by Marriot & Oakwood Hotel. World class attractions within walking distance include Crown Entertainment Precinct, Melbourne Convention & ExhibitionCentre, South Melbourne Market and Melbourne CBD’s renown hospitality and retail options.
- Access & Convenience: Pitchfork access funnelling traffic to and from the CBD through Normanby Road and Montague Street providing access to M1 Freeway. By foot, conveniently located 150m* from the 109 tram line with abundance of amenities within walking distance.
- Futureproof Activity & Demand: Nestled amidst a surge ofBuild-To-Rent & Build-To-Sell projects, this site offers the opportunity of investing, occupying or developing in a growing residential precinct. (STCA)
- Broad Spectrum of Results: The flexibility of Capital City Zone 1 (CCZ1) offers end users assorted outcomes allowing for Retail, Office and Industrial uses coupled with having future development outcomes to support Melbourne’s undersupply ofResidential dwelling requirements.
Expressions of Interest for this unparalleled development site close on Wednesday, 26th June 2024, at 2:00 PM. This is a rare chance to secure a blue-chip South Melbourne investment that promises to capitalise in its current state or with its future value.
*Approximate
