Sold
Trophy East Melbourne High Exposure Investment Opportunity Significant Landholding with Future Development Potential
160-174 Simpson Street, East Melbourne VIC 3002
Last Asking Price - $10,000,000
Commercial LandSize: n/a
Block size: 1300 m² approx.
Cushman & Wakefield Melbco Middle Markets and Development Sites are delighted to present For Sale 160-174 Simpson Street, East Melbourne.
Commanding corner landholding of 1,300sqm* with combined street frontage of 76m*
Modern three-storey apartment complex consisting of 18 A-grade secure car spaces
24 studio serviced apartments providing secure income from current rental arrangement in place with vacant possession available in December 2025
Long standing tenant of over 20 years with a proven track record of high occupancy levels
$361,330 per annum + GST + Outgoings rental return
Rare city fringe opportunity for passive holding, refurbishment, development (STCA) taking advantage of Melbourne's strong rental growth forecast
Flexible General Residential Zone, providing scope for a substantial residential project or alternative use (STCA)
Corner block benefiting from strong traffic volumes, opportunity to take advantage of excellent city views with unlimited natural light
One of Melbourne's most affluent and premium suburbs, boasting a median house price of $3,340,000
Strategically located close to the MCG, only 300m* to Victoria Street retail strips, restaurants and essential community amenity
For Sale by International Expressions of Interest closing Wednesday 13 March 2024 at 12pm.
Private inspections by appointment only. *Approx
Contact the Melbco Middle Markets and Development Site team today:
Daniel Wolman | 0412 957 839
Oliver Hay | 0419 528 540
Leon Ma | 0417 070 725
Commanding corner landholding of 1,300sqm* with combined street frontage of 76m*
Modern three-storey apartment complex consisting of 18 A-grade secure car spaces
24 studio serviced apartments providing secure income from current rental arrangement in place with vacant possession available in December 2025
Long standing tenant of over 20 years with a proven track record of high occupancy levels
$361,330 per annum + GST + Outgoings rental return
Rare city fringe opportunity for passive holding, refurbishment, development (STCA) taking advantage of Melbourne's strong rental growth forecast
Flexible General Residential Zone, providing scope for a substantial residential project or alternative use (STCA)
Corner block benefiting from strong traffic volumes, opportunity to take advantage of excellent city views with unlimited natural light
One of Melbourne's most affluent and premium suburbs, boasting a median house price of $3,340,000
Strategically located close to the MCG, only 300m* to Victoria Street retail strips, restaurants and essential community amenity
For Sale by International Expressions of Interest closing Wednesday 13 March 2024 at 12pm.
Private inspections by appointment only. *Approx
Contact the Melbco Middle Markets and Development Site team today:
Daniel Wolman | 0412 957 839
Oliver Hay | 0419 528 540
Leon Ma | 0417 070 725
Inspections
No open inspections scheduled.
Send an enquiry
Contact Daniel Wolman to learn more about this property, request an inspection or take an online tour.
Key details
Garage Spaces:
18
Property type:
Commercial Land
Block Size:
1300 m²*
Other Details
Section:
24
Legal description:
1~24\PP5514A
Maps and area information
Block information
Block size: 1300m² (approx)
Legal description: 1~24\PP5514A
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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A block's planning zone defines how that land can be used and what can be built on it.
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The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
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Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
22 Mar 2024
Sold
Cushman & Wakefield Melbourne
Listed: 01/02/2024
Block size: 1300m²
Transfer type: Full transfer
East Melbourne suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
42 years
Population
4,896
Listing ID: 182262713. This listing has been viewed 0 times. It was first displayed on 01/02/2024 and last updated on 22/03/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.