Two adjoining property lots in Como have hit the market, presenting buyers with an exceptional opportunity to redevelop within the Canning Bridge precinct.
Two adjoining property lots in Como have hit the market, presenting buyers with an exceptional opportunity to redevelop within the Canning Bridge precinct.
Barney Dear of Savills Metropolitan & Regional Sales has been appointed to market the sites located at 96-98 Lockhart Street and Mr Dear said the Private Treaty Campaign will generate interest from local and interstate developers with offers to be circa $3.3 million.
“The Canning Bridge Precinct is undergoing an exciting transformation as recent planning reform allows for higher residential density,” Mr Dear said.
The site allows for a mixed-use development, comprising of retail and commercial on the lower floors and residential above.
The two highly exposed lots consists a total land area of 2,172sq m, one of which holds a residential dwelling.
“Como provides huge value in comparison to its counterpart Applecross, where we have seen land values in excess of $4000 per sqm and this is due to the close proximity of quality amenities such as the Canning Bridge train station,” he said.