Colliers and Stonebridge are proud to offer for sale 228-232 & 234- 238 Normanby Road, Southbank. Better known throughout the commercial property market as the  landmark “City Jeep” showroom and future development site. 

Offered for sale by International Expressions of Interest closing Thursday, 14 November, at 12:00pm  (AEDT), with an expected sale price of more than $25 million. Colliers is represented by Matt Stagg,  Jozef Dickinson, Tim McIntosh, and Stonebridge by Julian White, Chao Zhang, and Dylan Kilner. 

The 3,030 square metre site is prominently situated upon the intersection of Normanby Road and Montague Street with a third street frontage to Munro Street. The high-profile location commands the  attention of over 68,000 passing vehicles daily, ensuring unparalleled exposure for any business. It  is located just 1.5 kilometres from the Melbourne CBD and strategically positioned moments from the  Westgate Freeway and other major arterial routes. 

The offering comprises two properties registered on separate titles. Improvements include two  double-story showrooms with a combined building area of 4,510 square metres. Urban Auto  Enterprises Pty Ltd leases the two properties, utilising the premises as a motor vehicle showroom and  service centre. Branded City Jeep, the showroom also sells other renowned badges, including Chrysler,  Dodge, and LDV. The current lease expires in February 2025, with no further options and vacant  possession available. 

Colliers Head of Investment Services Victoria Matt Stagg said, “Pending vacant possession presents a  range of opportunities for owner-occupiers, investors and developers.” 

The property features a two-level corner showroom with high-quality finishes, office administration  areas, and air conditioning throughout. The automotive service centre features excellent truck access  with electric roller shutter doors, an internal vehicle lift, and on-site undercover secure parking. In its  current configuration, the showroom and service centre may accommodate approximately 126  vehicles, making it ideal for other automotive owner-occupiers or tenants. 

The property may suit other big-box retail brands seeking to occupy the whole premises, or it may also be readily subdivided to accommodate two separate tenancies.

• 228-232 Normanby Road: 2,331m2 
• 234-238 Normanby Road: 2,179m2 

Stonebridge National Partner Julian White added, “The site is also prime for development as it benefits  from a huge underlying land area, three extensive street frontages and potential for stunning view  lines through to the CBD and bayside suburbs, as well as the added benefit of the land to the north (a  current car park) being allocated as a park in the Fishermans Bend Structure Plan.”  

Flexible Capital City 1 Zoning enables the potential for high-rise development, including build-to-sell  or build-to-rent apartments. Commercial, education, and hotel use may also be explored (Subject to  Town Planning Approval). 

The following major projects, completed by renowned developers along Normanby Road, have  recently been completed. Accordingly, strong developer interest is anticipated for 228-232 and 234- 238 Normanby Road, Southbank.

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