The site of St Kilda’s former Greyhound Hotel has been listed for sale in a move tipped to generate strong developer interest.
The CBRE Victorian Development Site Sales team of Julian White, Mark Wizel, David Minty and Chao Zhang have been appointed by KordaMentha to steer the mortgagee auction of the 1 Brighton Road site.
The 911sqm corner property has three street frontages, permit approval for a seven-level building (34 apartments and three shops) and is situated in a Commercial 1 zone.
“The site’s permit will be a key selling point as will the flexible zoning, which allows for a variety of end uses,” Mr White said.
“The location will be another drawcard, with the property situated in walking distance of major retail hubs and public transport.”
The CBRE Victorian Development Site Sales team of Julian White, Mark Wizel, David Minty and Chao Zhang have been appointed by KordaMentha to steer the mortgagee auction of the 1 Brighton Road site.
The 911sqm corner property has three street frontages, permit approval for a seven-level building (34 apartments and three shops) and is situated in a Commercial 1 zone.
“The site’s permit will be a key selling point as will the flexible zoning, which allows for a variety of end uses,” Mr White said.
“The location will be another drawcard, with the property situated in walking distance of major retail hubs and public transport.”
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
