Columns
Residents' Association Image

Residents' Association

20th AGM – What a milestone!
Read more >>

Owners Corporation Law Image

Owners Corporation Law

OC discriminated against a disabled owner
Read more >>

Montague Community Alliance

Can we be good neighbours?
Read more >>

Metro Tunnel

MetroHub opens its doors
Read more >>

Federal Politics Image

Federal Politics

Supporting the peaceful struggle of the Tibetans
Read more >>

We Live Here Image

We Live Here

One woman’s stand gets results
Read more >>

Southbanker Image

Southbanker

Giving the community a lift
Read more >>

Housing

We are losing our social licence to operate
Read more >>

History Image

History

Art Deco panels at the ABC
Read more >>

Southbank Sustainability Group

Community’s journey into sustainability
Read more >>

Health and Wellbeing Image

Health and Wellbeing

How to break the cycle of fear
Read more >>

Skypad Living Image

Skypad Living

Luv thy NABERS (for apartments)
Read more >>

Pets Corner Image

Pets Corner

Jumper’s proud parents
Read more >>

Southbank Fashion Image

Southbank Fashion

Spring racing in Southbank
Read more >>

Street Smarts Image

Street Smarts

Power Street – Southbank
Read more >>

Letters Image

Letters

Name it Domain!
Read more >>

Prime site for sale

11 May 2017

Prime site for sale Image

The University of Melbourne is selling a prominent Southbank site at 268 Sturt St.

Located near the corner of Kings Way next to the Melbourne Theatre Company’s (MTC) office building, the 4176-sqm site has been predominantly used as an open-air car park.

Colliers International is marketing the site and expressions of interest closed on May 5.

Dean of the Faculty of the Victorian College of the Arts (VCA) and Melbourne Conservatorium of Music (MCM) prof Barry Conyngham said the money from the site would be used to help fund its new MCM facility at 33 Sturt St.

“The conservatorium is very complicated business because it’s a huge amount of money for a very specialised building, which is as specialised as any scientific building and in some cases even more specialised,” he said.

“It did involve identifying assets that could be disposed of and the single biggest asset was the parking lot next to the MTC facility.”

Colliers agent Bryson Cameron said the “healthy” scale and position of the site opened up a vast array of development options and future uses.

“There is potential for large commercial floor plates, along with incredible visibility and exposure given its prominent position,” he said.

“Moreover, being located directly next to Sturt St Reserve, there are possible exciting integration opportunities for future uses.”

Mr Cameron said the site had also been on the radar of the City of Melbourne and the State Government for some time, with both earmarking it for a future strategic development.

“The government’s Melbourne Arts Precinct Blueprint describes 268 Sturt St as a ‘landmark site that punctuates the Sturt St south intersection with Kings Way as a major entry point to the Arts Precinct’,” he said.

Stay in touch with Southbank. Subscribe to FREE monthly e-Newspaper.

You must be registered with Southbank Local News to be able to post comments.
To register, please click here.