CBRE Hotels are pleased to present for your consideration the freehold opportunity of 375-377 Punt Road, Cremorne.

Adjoining the intersection of Punt Road and Swan Street between Cremorne and Richmond, 375-377 Punt Road is a 450sqm site with a total building area of 3,161sqm across six levels, a roof deck, twin-level basement with a permit for 18 car spaces and ground level food and beverage facility. The building suits a variety of uses including hospitality, and is awaiting approval for completion as a boutique hotel.

We highlight a number of key characteristics below:

• Recently constructed 3161sqm* building with six levels and an additional roof deck

• Site area of approximately 450sqm

• High profile location on the corner of Punt Road and Swan Street, linking to Richmond’s primary hospitality and retail shopping strip

• Two level basement permitted for 18 car spaces

• Gateway to Cremorne and Richmond and neighbouring the Melbourne Sports and Entertainment Precinct, including premier venues such as the MCG (700m*), AAMI Park (400m*) and Rod Laver Arena (900m*)

• Within close proximity to landmark tourist attractions including the Royal Botanic Gardens (900m*)

• Currently awaiting approval for completion as a boutique hotel; alternate uses available

• F&B/commercial facilities on the ground floor

• Current review of existing zoning, which could have a positive impact on further site development and generation of additional income (STCA).

The property is being offered for sale by way of Expressions of Interest campaign.

To obtain further information, or to arrange a site inspection please contact our exclusive agent.

Scott Callow
CBRE Hotels
+61 418 153 6...
scott.callow@cbrehotels.com

*approx, as supplied by vendor

Note: renders above are for the completion as a boutique hotel - these have now been approved by council.