471 – 479 Swan Street

471 – 479 Swan Street, Richmond, VIC 3121, Australia
Fund

Diamond Hospitality Trust

Sector

Mixed Development (Commercial Office & Residential)

City

Melbourne, Australia

Acquired In Year

2019

Category
Opportunistic Strategy

471 – 479 Swan Street in Richmond, Melbourne comprises a 2-storey office building on a large (and underutilized) land parcel.  The property is well-situated within 350M from Burnley station (3 stops to Flinders Street Station) in the regentrifying inner suburb of Richmond and 4.5KM from Melbourne’s CBD. Submission for Planning Approval to the Council is underway, which will substantially increase the density and floor area with a new 9-storey mixed-use development, comprising of a hotel (IHG Holiday Inn Hotel), ground floor showroom retail, Commercial Office and townhouse (residential)*.

*Subject to Final Planning and Development Approval