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.