Log In/Sign Up
Your email has been sent.
240 Normanby Rd 12,744 SF Industrial Building South Melbourne, VIC 3205 For Sale
Investment Highlights
- Prime 1,518 sqm* corner landholding with triple street frontage at Normanby Road and Montague Street.
- Positioned in Fishermans Bend’s ‘Montague’ precinct, a proven redevelopment hotspot.
- Excellent connectivity to Melbourne CBD, Southbank, Crown Casino, and key arterial road links.
- Planning scheme supports a 20-storey mixed-use development (STCA) within Capital City Zone (CCZ1).
- Short-term lease providing holding income of $228,000 + GST until 30 September 2026.
- Immediate access to public transport including light rail services.
Executive Summary
A rare opportunity to secure a blue-chip development site within the heart of Melbourne’s most dynamic inner-city growth precinct. Positioned on the high-exposure corner of Normanby Road and Montague Street, this significant landholding of approximately 1,518 sqm offers exceptional development potential under the Fishermans Bend framework.
The site benefits from generous planning provisions, allowing for a 20-storey mixed-use development (STCA) within the Capital City Zone (CCZ1), giving flexibility for residential, commercial, or a combined offering. Featuring triple street frontage, the property ensures outstanding visibility and design flexibility.
Located just moments from the Melbourne CBD, Crown Casino, Southbank promenade, and major arterials, the property also enjoys proximity to the light rail, providing seamless connectivity. A short-term lease generating strong holding income further enhances this unique investment and development proposition in one of Melbourne’s most sought-after transformation precincts.
The site benefits from generous planning provisions, allowing for a 20-storey mixed-use development (STCA) within the Capital City Zone (CCZ1), giving flexibility for residential, commercial, or a combined offering. Featuring triple street frontage, the property ensures outstanding visibility and design flexibility.
Located just moments from the Melbourne CBD, Crown Casino, Southbank promenade, and major arterials, the property also enjoys proximity to the light rail, providing seamless connectivity. A short-term lease generating strong holding income further enhances this unique investment and development proposition in one of Melbourne’s most sought-after transformation precincts.
Property Facts
| Sale Type | Investment | Lot Size | 0.38 AC |
| Sale Condition | Redevelopment Project | Rentable Building Area | 12,744 SF |
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.38 AC |
| Rentable Building Area | 12,744 SF |
| No. Stories | 1 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 2 |
Amenities
- Signage
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
240 Normanby Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.