Savills and CVA are delighted to offer for sale by Expressions of Interest this incredible city fringe development site, located in North Melbourne's exciting lifestyle precinct at 199-217 Peel Street, North Melbourne.
This superb site has an allowable development height of at least 24 metres* in a flexible Mixed Use zoning, a 2nd street frontage to McInerney lane providing easy access and is located only 400 metres* from the Melbourne CBD and surrounded by Melbourne & RMIT Universities, Queen Victoria Market and Melbourne's major hospital precinct.
The key attributes of the property include;
- A High profile site of 762 sq m*
- Allowable development height of at least 24 metres*
- Massive Peel Street frontage of over 42 metres*
- Flexible Mixed Use Zoning
- Vacant and fully cleared site
- Ideal site shape maximising design efficiency of a development
- 2nd street frontage to McInerney Lane providing fantastic access
- Direct access to abundant public transport
- Exciting city fringe location only 400m* from the Melbourne CBD and in direct proximity to Queen Victoria Market, Melbourne University, RMIT, Flagstaff gardens and major hospital precinct including the brand new $1 billion cancer centre
- Future train station 350 metres* from property
The opportunity to secure a prime development site in such an outstanding location is very rare, especially when you consider the prime city fringe location, the extensive frontage to Peel Street and the enormous development potential. Accordingly we encourage prospective purchasers to actively consider this outstanding opportunity.
199-217 Peel Street, North Melbourne is For Sale by Expressions of Interest closing Wednesday 25 November at 2pm.
Savills agents:
Benson Zhou - 0458 488 888
Julian Heatherich - 0412 995 655
CVA Agents:
Anthony Carbone 0488 440 190
