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The city of Melbourne is set to receive a substantial windfall of $80 million as a prime “supersite” becomes available for acquisition. This lucrative opportunity presents a significant development potential for investors and developers looking to capitalize on the prime location. The supersite’s availability has sparked a flurry of interest and competition among potential buyers eager to secure the valuable piece of land. With its strategic position and immense possibilities for commercial or residential development, the supersite is expected to attract high bids and generate substantial returns for the city. The anticipated windfall of $80 million signifies a major economic boost for Melbourne and underlines the promising prospects of the real estate market in the region.
To read more: https://www.commercialproperty2sell.com.au/blog/2024/05/melbourne-land-expects-$80-million-windfall-s.php