GrayJohnson is delighted to present for sale by Expressions of Interest 123 Thistlethwaite Street, South Melbourne, an impressive 1920s industrial property located in a rapidly developing precinct on the city fringe. With a demolition clause in place and a favourable Capital City – Schedule 1 (CCZ1) zoning, this solid brick building offers maximum flexibility to a potential purchaser to occupy, develop or value add (STPA).
Key features:
> Total building area 520sqm*, land 679sqm*
> Frontage to Thistlethwaite Street- 14.63m*
> Laneway frontage- 44.20 metres*
> Period features including timber ceilings and beams
> 10-minute walk to South Melbourne Market
> 9-minute walk to South Melbourne Primary School
> Two Light Rail stations within an easy walk
> Easy access to M1 and M2 motorways
This A-grade inner-city location is on the fringe of the Montague Precinct of Melbourne’s burgeoning Fishermans Bend, a precinct envisaged as having strong alignment with creative industries. Recent developments in the area include significant build-to-rent projects, mixed-use projects and hotels.
The property enjoys all the amenity of the city fringe. The South Wharf riverside shopping and dining precinct, the Melbourne Convention and Exhibition Centre and Crown Casino are all within easy reach and the city centre is just a few Light Rail stops away. Both the Montague Street and South Melbourne light rail stations within an easy walk and there is direct access to both the M1 (Westgate Freeway) and M2 (CityLink/Tullamarine Freeway) via the Montague Street interchange.
South Melbourne offers a diverse range of shops and eateries. From the subject property, busy South Melbourne Market is just 650m away and a few minutes’ drive puts you in the centre of the café culture of Clarendon Street, Bay Street or Bridport Street. South Melbourne Primary School is less than a ten-minute walk.
For more details contact Rory White 0439 655 504, Simon Regan 0412 059 900 or Matt Hoath 0418 543 714.
*Approx