This article is from the Australian Property Journal archive
A MAJOR development site located in Melbourne's chic Chapel Street is being marketed by Sutherland Farrelly.
The property is expected to attract interest in excess of $5.25 million.
Located at 87 Chapel Street, St Kilda the site has an area of 3,572 sqm and is situated in proximity to Carlisle Street and Acland Street retail precincts.
Selling agent Paul Sutherland said the property presents an exceptional development opportunity noting the site’s location and generous land area.
The property has a frontage of 49.8 metres to Chapel Street and is level in contour.
Zoned ‘Residential 1’ under the Port Phillip Planning Scheme, the site has Planning approval for an apartment development.
The development site in St Kilda is to be offered for sale by public auction on Friday 19 September at 1:00 pm.
Australian Property Journal
