132 Thistlethwaite Street, South Melbourne VIC 3205

Industrial/Warehouse

Investors, owner-occupiers, and developers

Lemon Baxter are delighted to present 132 Thistlethwaite Street South Melbourne for sale, this property represents a unique and valuable opportunity for investors, owner-occupiers, and developers seeking to invest in the city fringe area.

Located in Melbourne’s Montague precinct, part of the Fisherman’s Bend Urban Renewal plan, this property is well-positioned to benefit from the ongoing transformation of the area into a bustling mixed-use hub with a focus on residential and employment development.

Key Features and Benefits:
– Prime location in a city fringe area experiencing rapid transformation.
– Dual frontage enables the property to accommodate two tenancies or be merged into a single tenancy for potential future owner-occupation.
– Fully leased until mid 2024 for a combined passing income of $95,000 pa plus GST,
– Potential for vacant possession by mid 2024.
– Extremely favourable Capital City zoning, which supports potential redevelopment opportunities in a rapidly transforming precinct.
– Multiple major projects in the planning phase are expected to significantly boost the population density in the surrounding area.
– Excellent accessibility to transport linkages, including the 109 and 96 light rail trams, as well as major arterials such as Citylink, the M1, and Kingsway.

Property Highlights
Highlight 1

Cracking South Melb Location

Highlight 2

Dual street frontages

Highlight 3

Land Area: 507m2 approx

Zone

Capital City Zone

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Chris Chartres
Director & Licenced Estate Agent
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