Munro Street

‍Location

The site is situated in Port Melbourne, the property consists of an island development positioned at the crossroads of Munro Street, Ingles Street, Normanby Road, and Boundary Street within the Sandridge Precinct, as part of the Fishermans Bend Urban Renewal Framework.

Development Project

Sandridge stands out as the largest Capital City Zoned precinct within the Fishermans Bend Framework and is slated to become one of Melbourne's premier office and commercial hubs. However, the area isn't solely industrial; it encompasses a blend of warehousing, automotive, and transport-oriented facilities, along with nearby residential dwellings.

The site is strategically positioned less than 1.5 radial kilometers from the western edge of the Hoddle Grid (Melbourne CBD). It primarily relies on the local bus network for transportation, with the closest Port Melbourne light rail stop a mere 300 meters away.

Purpose

The loan is to assist with refinance of the subject property located at Normanby Road &  Munro Street, Port Melbourne, 3207

Exit Strategy

The main exit strategy involves obtaining planning approval and then either selling the property to a buyer or refinancing it with another financier.

Construction Progress

N.A.

Pre-sales

N.A.