Emmetts and Sweeneys are delighted to present an exceptional city fringe opportunity for investors, owner-occupiers and developers at 132 Thistlethwaite Street South Melbourne, for sale by Expressions of Interest closing Thursday 15th July at 3PM.

Located in Melbourne's dynamic Montague precinct, part of the Fisherman's Bend Urban Renewal plan, the property is set to benefit from the precinct's rapidly evolving focus on residential and employment development as the area evolves into a dynamic mixed use precinct.

Investment considerations as follows:

+ Excellent position in key city fringe location undergoing rapid transformation.

+ Dual frontage allowing for two tenancies or for the property to be combined as one tenancy for future owner-occupation.

+ Offered with short term leases to two tenants with strong combined passing income of $90,900 pa plus GST with potential for vacant possession.

+ Opportunity to renew existing leases.

+ Extremely favourable Capital City zoning promoting future redevelopment in a transforming precinct with a preferred max building height of 8 storeys

+ Numerous major nearby projects in planning that will further increase the surrounding population density significantly

+ Outstanding access to transport linkages the 109 and 96 light rail tram and major arterials including Citylink, the M1 and Kingsway.

+ Land area of 507 square metres*

Please contact the Agents for further information.