CITY FRINGE DEVELOPMENT SITE SELLS FOR $8777M2
The team at CRS Commercial have just sold 483-485 King Street West Melbourne after a successful Expressions of Interest campaign.
Constant enquiries were received throughout the campaign, with a significant portion coming from our existing database as well as complementing internet enquiry. A number of strong offers were submitted prior to the campaign closure, with the majority of buyers looking to simply acquire vacant land.
The site features enormous development potential (STCA) being zoned Mixed Use with the potential for fantastic CBD views. With a total land area of 413sqm including a frontage of 11.38m to King Street, the sale represented a record rate of $8,777.00 per m2.
The property is situated within one of Melbourne’s most active development precincts – only minutes walking distance from Queen Victoria Market and Flagstaff Gardens and is ideally located to Haileybury College & major universities (Melbourne University & RMIT) and minutes from Melbourne’s major medical precinct.
For further enquiries please contact Tom Ayfantis or Lou Montalti of CRS Commercial.