EOI CLOSED - OFFERS UNDER REVIEW
550 Swan Street, Richmond VIC 3121
Contact Agent
Commercial LandSize: n/a
Block size: 1627 m² approx.
Under Instructions from KordaMentha as Receivers and Managers Appointed, JLL and Cushman & Wakefield have the privilege of offering for sale this highly versatile development, investment or land bank opportunity in one of Melbourne's most vibrant and sought-after retail and lifestyle precincts.
Key details of the opportunity include:
+ Substantial character filled two-level building providing 2,758sqm* of GFA with on-site carparking.
+ A highly versatile Commercial 1 zoned landholding of 1,627sqm* with 40m* of Swan Street frontage.
+ Strong existing short-term income profile, returning $475,796*^ + GST per annum.
+ The existing lease profile suits owner occupiers and allows for significant rental upside
+ Flexible Commercial 1 Zone and favourable planning parameters providing scope for major redevelopment (STCA), as evidenced by the new Australia Post HQ 480 Swan Street (200m* away), developed by Charter Hall.
+ Evolving commercial/lifestyle precinct with endorsement from some of Australia's largest corporations including Australia Post, Bunnings and REA Group.
+ Positioned in Richmond's 'Parks Precinct' with Burnley Park, Golden Square Bicentennial Park, Burnley Golf Course and the Yarra River all within close walking distance.
+ Highly accessible location serviced by trams along Swan & Church Streets, bicycle trails, and Burnley train station providing protected view lines towards the Yarra River.
*Approx.
^Gross
Under Instructions from KordaMentha as Receivers and Managers Appointed, 550 Swan Street, Richmond is For Sale by International Expressions of Interest closing Wednesday 24 April at 2pm (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agent.
JLL
Jesse Radisich | 0402 085 702
Josh Rutman | 0411 27 37 46
Cushman & Wakefield
Daniel Wolman | 0412 957 839
Hamish Burgess | 0421 641 497
· Substantial 2,758sqm* building
· Rare 1,627sqm* C1Z landholding
· Short-Term Income
Key details of the opportunity include:
+ Substantial character filled two-level building providing 2,758sqm* of GFA with on-site carparking.
+ A highly versatile Commercial 1 zoned landholding of 1,627sqm* with 40m* of Swan Street frontage.
+ Strong existing short-term income profile, returning $475,796*^ + GST per annum.
+ The existing lease profile suits owner occupiers and allows for significant rental upside
+ Flexible Commercial 1 Zone and favourable planning parameters providing scope for major redevelopment (STCA), as evidenced by the new Australia Post HQ 480 Swan Street (200m* away), developed by Charter Hall.
+ Evolving commercial/lifestyle precinct with endorsement from some of Australia's largest corporations including Australia Post, Bunnings and REA Group.
+ Positioned in Richmond's 'Parks Precinct' with Burnley Park, Golden Square Bicentennial Park, Burnley Golf Course and the Yarra River all within close walking distance.
+ Highly accessible location serviced by trams along Swan & Church Streets, bicycle trails, and Burnley train station providing protected view lines towards the Yarra River.
*Approx.
^Gross
Under Instructions from KordaMentha as Receivers and Managers Appointed, 550 Swan Street, Richmond is For Sale by International Expressions of Interest closing Wednesday 24 April at 2pm (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agent.
JLL
Jesse Radisich | 0402 085 702
Josh Rutman | 0411 27 37 46
Cushman & Wakefield
Daniel Wolman | 0412 957 839
Hamish Burgess | 0421 641 497
· Substantial 2,758sqm* building
· Rare 1,627sqm* C1Z landholding
· Short-Term Income
Inspections
No open inspections scheduled.
Send an enquiry
Contact Jesse Radisich to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Commercial Land
Block Size:
1627 m²*
Other Details
Lot:
1
Plan:
TP848006
Legal description:
1\TP848006
Maps and area information
Block information
Block size: 1627m² (approx)
Legal description: 1\TP848006
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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SummaryMedian sales
Average Age
34 years
Population
28,587
Listing ID: 182393661. This listing has been viewed 2 times. It was first displayed on 21/03/2024 and last updated on 24/04/2024.
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.