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A HIGH PROFILE CITY FRINGE MIXED-USE INVESTMENT - #1
A HIGH PROFILE CITY FRINGE MIXED-USE INVESTMENT - #2
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The Colliers Melbourne City Sales Team is pleased to present the exclusive opportunity to secure a high profile freehold mixed-use investment in the preeminent city fringe suburb of South Melbourne.

Formerly known as the Nelson Hotel and first licenced circa 1867, the property has a steeped history and has been extensively refurbished to provide a well-leased investment with a diversified income profile.

Key attributes of 520 City Road include the following:

•Extensively refurbished improvements comprising nine (9) first floor residential apartments, two (2) ground floor apartments plus ground floor retail tenancy.

•Almost 100% leased with only one residential apartment vacancy

•A diversified income profile from residential, office and retail tenants

•Total building area of 389sqm* (GLA) over two (2) levels

•Unrepeatable high-profile corner site of 257sqm* with extensive frontages to both City Road and Montague Street in addition to rear lane access

•Exceptional and evolving inner-city location, just moments from the Melbourne CBD, and within close proximity to Port Melbourne Beach, Clarendon Street Retail, Southbank Promenade and the world-famous South Melbourne Market

•Flexible Capital City Schedule 1 Zoning – suitable for a range of potential future uses (STCA)

•Access to public transport networks including Tram Routes, 12, 96 and 109, major bus routes and Southern Cross Train Station

•A chance to secure a premium South Melbourne position in one of Melbourne’s most evolving commercial precincts

•A unique offering for astute value-add investors and owner occupiers given the flexible lease structures

*approximately.

CAMPAIGN POSTPONED UNTIL INSPECTIONS PERMITTED

To arrange an inspection or for more information please contact Colliers International Melbourne City Sales team as the exclusive selling agents

Tom Isaksson| +61 422 154 570
Alex Browne| +61 418 350 545
Joff Mithen | +61 430 759 406