***** OFFERS UNDER REVIEW *****

Gross Waddell ICR in conjunction with CBRE is pleased to offer for sale 137 Stanley Street, West Melbourne (Cnr Adderley Street).

Featuring 1,700sqm* of ultimate CBD fringe land complete with a planning permit for twenty-five (25) multi-level townhouses. The site also lends itself to consider a build-to-sell or build-to-rent residential apartment project (STCA).

A summary of this permit approved CBD fringe opportunity is as follows:

• 1,700sqm* landholding on the edge of Melbourne’s CBD

• ‘Shovel ready’ permit approved for twenty-five (25) multi-level townhouses

• Sizeable frontages to both Stanley & Adderley streets totalling 82m*

• Ability to consider an alternative build-to-sell or build-to rent residential apartment project (STCA)

• Flexible Special Use Zone enabling alternative uses such as vertical aged care, child care & medical uses (STCA)

• Median house price of $1,334,000* with 9% capital growth over the past 12 months. (REA)

• Walking distance to Southern Cross Railway Station, Docklands, Marvel Stadium, Flagstaff Gardens, Queen Victoria Market and North Melbourne Train Station.

• Surrounded by world class education, retail, entertainment and residential amenity

*approx.