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 8...
Oliver Hay | 0419 528 5...
Leon Ma 马海翔| 0417 070 7...