Tiga is pleased to exclusively present 213-217 Normanby Road,South Melbourne, with the following key property highlights:

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• AAA Covenant: 213-217 Normanby is centrally 1 of 3 properties occupied by multinational automotive manufacturer ‘Melbourne City Toyota’. Strategic holding income of two (2) years remaining on the lease resulting in upside in rental growth.
• Highly Exposed City Fringe Landholding: A desirable rectangular shape site, boasting front and rear access points and unparalleled transport exposure. Focal point for signage and marketing, exposing the asset to passing work commuters, residents, and tourists.  
• Sustained Earnings: Maximise value with the assurance of holding income. Capitalise on the assets current state or potential rental uplift.  
• Premier Lifestyle and Amenity: Seize the opportunity to be amid growing amenity and local & international tourism including M Hotel by Marriot & Oakwood Hotel. World class attractions within walking distance include Crown Entertainment Precinct, Melbourne Convention & ExhibitionCentre, South Melbourne Market and Melbourne CBD’s renown hospitality and retail options.
• Access & Convenience: Pitchfork access funnelling traffic to and from the CBD through Normanby Road and Montague Street providing access to M1 Freeway. By foot, conveniently located 150m* from the 109 tram line with abundance of amenities within walking distance.
• Futureproof Activity & Demand: Nestled amidst a surge ofBuild-To-Rent & Build-To-Sell projects, this site offers the opportunity of investing, occupying or developing in a growing residential precinct. (STCA)
• Broad Spectrum of Results: The flexibility of Capital City Zone 1 (CCZ1) offers end users assorted outcomes allowing for Retail, Office and Industrial uses coupled with having future development outcomes to support Melbourne’s undersupply ofResidential dwelling requirements.

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Expressions of Interest for this unparalleled development site close on Wednesday, 26th June 2024, at 2:00 PM. This is a rare chance to secure a blue-chip South Melbourne investment that promises to capitalise in its current state or with its future value.

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*Approximate