658 Church Street, Richmond
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| Situated adjacent to the Yarra River with open parkland to its northern, southern and eastern edges and at the entry to Richmond/Cremorne from the south, the property is identified as a Gateway Development opportunity and one of Melbourne’s most significant landmark mixed use opportunities. Austpac has vastly improved and maximized the medium term cash flow of this 15 year old facility by incorporating a mix of retail, office, car parking and self-storage uses. The long term aim is to achieve future amendments to the planning controls and permits to enable a substantial mixed use project that will take advantage of the mature public open space within its surrounds and the burgeoning high density residential development encompassing the Cremorne precinct. |
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