132 Thistlethwaite Street, South Melbourne, VIC, 3205

Lemon Baxter are delighted to present 132 Thistlethwaite Street South Melbourne for sale, this property represents a unique and valuable opportunity for investors, owner-occupiers, and developers seeking to invest in the city fringe area.

Located in Melbourne's Montague precinct, part of the Fisherman's Bend Urban Renewal plan, this property is well-positioned to benefit from the ongoing transformation of the area into a bustling mixed-use hub with a focus on residential and employment development.

Key Features and Benefits:

- Prime location in a city fringe area experiencing rapid transformation.

- Dual frontage enables the property to accommodate two tenancies or be merged into a single tenancy for potential future owner-occupation.

- Fully leased until mid 2024 for a combined passing income of $95,000 pa plus GST,

- Potential for vacant possession by mid 2024.

- Extremely favourable Capital City zoning, which supports potential redevelopment opportunities in a rapidly transforming precinct.

- Multiple major projects in the planning phase are expected to significantly boost the population density in the surrounding area.

- Excellent accessibility to transport linkages, including the 109 and 96 light rail trams, as well as major arterials such as Citylink, the M1, and Kingsway.

Remember to mention you found this property on CommercialReady