75-85 York St, South Melbourne

The property comprises 466 m2 island site leased to a long standing tenant. The site has substantial frontage to York Street.

Investment Strategy: Development the site by into 6 level strata office development with a retail offering in the ground floor/basement.

Asset management achievements to date include obtaining a Planning Permit for 6 levels including a food or drink premises and offices above. Management is finalising its feasibility study and construction costings before commencing.

Purchase Price / Date

$4.4 m / June 2021

Current Valuation

$4.9m / July 2023