Expression Of Interest: 31-69 Mclister Street, Spotswood VIC
2026-10-07 14:00
Union Quarter Village - An Established Living Asset Anchored by Blue-Chip Retail
Acting as exclusive agents, Knight Frank Capital Markets is proud to present Union Quarter Village for sale by International Expressions of Interest.

Union Quarter Village represents a rare opportunity to acquire a 100% freehold interest in an established and thriving mixed-use asset, completed in 2023.

The asset comprises 332 residential apartments, with a neighbourhood retail centre with a full-line Woolworths Supermarket and Dan Murphy's.

Investment highlights:

ESTABLISHED LIVING ASSET - Diversified and secure income stream underpinned by residential Build-to-Rent (BTR), Specialist Disability Accommodation (SDA) and short-stay Urban Rest units across a total of 332 apartments.
UNDERPINNED BY THRIVING RETAIL PRECINCT - Blue-chip ground-level retail anchored by a full-line Woolworths Supermarket and Dan Murphy's (15-year leases with ASX-listed tenants) and Chemist Warehouse (ASX-Listed Sigma Healthcare), supported by a defensive tenancy mix (over 90% non-discretionary.)
STABLE AND DIVERSIFIED INCOME - Estimated fully let income of $19.5m*, with upside via turnover rent and operating efficiency improvements.
HIGHLY CONNECTED INNER-WEST LOCATION WITH STRONG DEMOGRAPHICS - Located in an affluent catchment with household incomes 33% above the Melbourne average and supported by major infrastructure projects. The asset sits just 200m* from Spotswood Train Station, providing direct CBD access.
NUMEROUS VALUE-ADD & UPSIDE SCENARIOS - The asset provides numerous value-add, upside and exit scenarios, including NOI enhancement, strata subdivision and sell-down, or further development and value-add outcomes.
SUSTAINABLE AND HIGH-QUALITY ASSET - Purpose-built high-quality asset aligned with contemporary ESG standards, including a 7-star NatHERS rating and 4-star Green Star design, enhancing long-term defensibility.

For Sale by International Expressions of Interest closing Wednesday 7 October at 2pm (AEDT)

Under instruction from Receivers and Managers Matthew Hutton and Jonathan Henry of McGrathNicol

Knight Frank:

Josh Rutman | 0411 27 37 46
Jesse Radisich | 0402 085 702

*income figures are approximate
