The Complete Package – Land, Income And Development Upside!

Fitzroys, under instruction from LPC, is delighted to offer a land rich investment with solid rental income and development upside (STPA), located at 104-118 Charman Road & 1/2 Collins Street, Mentone for sale via Expressions of Interest closing on Thursday 12th December at 2pm.

Key attributes of this generational opportunity include:

•  Ultra rare corner landholding with nearly 80 metres* of combined street frontage
•  8 retail shops plus 3 bedroom residence offered in one-line
•  Diversified income of $188,290* per annum plus GST
•  Strong rental growth prospect
•  Mixed Zoning - CZ1 & NRZ
•  Substantial site area of 1,613sqm*
•  Major redevelopment potential with strong planning attributes (STPA)
•  Feasibility Scheme for 5 level apartment building prepared by Tom Robertson Architects/Human Habitats with views to Mentone beach
•  Incredible lifestyle and amenity nearby with Mentone beach within 750 metres*, parks, golf courses, Westfield Southland plus quality retail & eateries all within walking distance
•  Top Melbourne schools nearby including Mentone Girls’ Grammar, Mentone Girls’ School, St Bedes College and Mentone Grammar

For further information or to arrange an inspection, please contact Fitzroys selling agents Chris James or Tom Fisher.

*Approx

Back to property search