THE PROPERTY DEVELOPMENT REVIEW
RECEIVERS SALE
• 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 $487,183*^ + GST per annum • The existing lease profile suits owner occupiers and allows for significant rental upside • TROPHY SWAN STREET ASSET WITH SIGNIFICANT DEVELOPMENT POTENTIAL 550 SWAN STREET, RICHMOND International Expressions of Interest closing Wednesday 24 April 2024 at 2pm (AEST)
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 walking distance
*APPROX
Under Instructions from
as Receivers and Managers Appointed
Josh Rutman +61 411 27 37 46 Jesse Radisich +61 402 085 702
Daniel Wolman +61 412 957 839 Hamish Burgess +61 421 641 497
April / May 2024 – 57
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