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.