Dysin sells permit-ready city site

The site is approved for a 12-level student accommodation complex.

After nine months, Dysin Investment Partners has sold a Melbourne CBD site.

The 291 square metre block, 21-23 Anthony Street, contains a three-level former office workshop – now six apartments with a five car garage.

It was offered permit-ready for a 12-storey student accommodation complex though, given the zoning, alternative outcomes like a hotel, office or residential project could be considered.

The approved shell allows for a net saleable area of 2382 sqm (story continues below).

The purchaser is a local developer; Tiga’s David Sia, Martin Leong and Nicholas Hii were chasing north of $8 million.

Dysin paid $5.65m in 2017.

The permit for 76 studios was approved shortly after.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.