This article is from the Australian Property Journal archive
AN East Melbourne site has hit the market after being held by a single owner for half a century, with the vacant property offering potential owner-occupiers or developers a rare blank canvas opportunity.
The 1,012sqm zoned General Residential site at 179-183 Hotham Street is currently vacant and cleared, sitting near the corner of Hotham and Clarendon Streets with rear access via George Street, located in the city fringe suburb around two kilometres out from the Melbourne CBD.
Chris James, David Bourke and Ben Liu from Fitzroys have been appointed to manage the expressions of interest campaign for the property, on behalf of the long-standing private family vendors.
“This is a pure blank canvas, a truly once-in-a-lifetime opportunity for a developer or individual to build a landmark residence or residences in East Melbourne, on the edge of the CBD,” said James.
“It’s near-impossible to find vacant land in East Melbourne – most properties are encumbered with heritage buildings. This is one of the larger landholdings in East Melbourne, and for it to be presented as a blank canvas makes this a genuinely unique offering.”
The appeal of East Melbourne has been routinely proven, with recent projects being undertaken in the suburb by Salta, Mirvac and Orchard Piper.
“East Melbourne is incredibly tightly held. We’re expecting interest to predominantly come from developers and potential occupiers seeking to embrace the inner-city lifestyle and amenity of the location,” said Bourke.
“This site is moments from the Fitzroy Gardens, a short distance from the MCG and Melbourne’s world-renowned sports and events precinct, and at the doorstep of the CBD with its world-class bars, restaurants, cafés and entertainment offerings.”
The property also offers an array of transport options to the CBD and suburbs alike, via Jolimont Train Station and multiple tram routes on Wellington and Victoria Parades.
The expressions of interest campaign for 179-183 Hotham Street is scheduled to close on 30th August.
