RARE OPPORTUNITY BECKONS

This property at 43-45 Claremont Street, South Yarra is a freestanding, single storey building suitable for developers, owner occupiers and investors. The property is near South Yarra train station, among several national fashion retailers including Kookai and Roger David and near the Chapel Street retail precinct. The building has an area of 425 sqm on land of 487 sqm. There is on site parking for several cars, with rear right of way access. The property is offered with vacant possession. The land is zoned Business 2 and according to selling agents, Stonnington Council has proposed that the land be rezoned to Mixed Use. The Owner has applied for a planning permit for a 12 level development to include 66 apartments with basement parking. The council has not yet formally responsed to the application. Selling agent Joseph Carbone of Vinci Carbone said: "This is an opportunity to purchase in what has become one of the most fashionable and sought after streets in South Yarra". For sale by Expressions of interest closing Thursday, May 21. For details, contact Frank Vinci or Joseph Carbone of Vinci Carbone Property on 9662 2020. Price is $2.5 million.