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203-211 Keilor Road Essendon VIC 3040

  • Development / Land
  • For Sale, Please contact agent

ULTIMATE TRIPLE FRONTED LAND HOLDING

  • EXPANSIVE SITE AREA OF 5,304M²
  • PRIMED FOR REDEVELOPMENT, REPOSITIONING
  • PERMITTED FOR STRIKING 7 LEVEL BUILDING

EOI Process Closed Offers Under Review

Colliers International and Weda Property is pleased to present the exclusive opportunity to secure a substantial inner-city land holding at 203-211 Keilor Road, Essendon with the following key attributes:

The Property
Take control of the precinct with an expansive triple fronted land holding of 5,304m²;

Existing buildings on the property comprise 2,960m² of built area and suit multiple potential outcomes;

Favourably zoned Commercial 1 Zone (C1Z), the property is primed for repositioning and redevelopment;

Offered with substantial rental profile of $325,000 plus GST net and enormous scope for uplift through reversion and repositioning

Three high-exposure frontages total 216m, providing potential for sweeping views, protected light corridors and premium access;

Central location and extensive accessibility suits large format and specialty retail, destination hospitality, medical and aged-care providers, accommodation and alternative mixed uses;

Permits in place for a stunning Peddle Thorpe designed 7-storey building. Currently configured for residential, the permitted envelope also suits commercial office, serviced accommodation, medical and aged care;

The Location
203-211 Keilor Road, Essendon is located 9.5km north west of the Melbourne CBD. The established residential location is moments from north Essendon Village;

Essendon supports a median house price of $1,410,000 and a medium unit price of $520,000 (Feb 2020)*;

The triple fronted site is walking distance to leafy parklands, sporting clubs, primary and secondary schools;

Located 1km from the M1 Freeway, 1km from Essendon DFO, 1.75km from Essendon Fields and 8km from the Tullamarine Airport, the property benefits from immediate access to the high-growth inner-north whilst maintaining the access and convenience of an inner-city location;

Capitalise on the inner-norths best site, the ultimate triple fronted land holding.

*data sourced from realestate.com 5/2/20

To arrange an inspection or to request access to the documentation and data-room please contact Colliers International

LEON MA | leon.ma@colliers.com | 0417 070 725

DAVID WALKER | dave.walker@colliers.com | 0439 889 048

ALEX BROWNE | alex.browne@colliers.com | 0418 350 545

JOZEF DICKINSON | jozef.dickinson@colliers.com | 0402 678 888

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

Property Highlights

Property ID2016134653
Floor AreaAsk Agent
Land AreaAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityAsk Agent
Category
Last updated  4 May 2020
Map for 203-211 Keilor Road Essendon VIC 3040
Map for 203-211 Keilor Road Essendon VIC 3040203-211 Keilor Road Essendon VIC 3040
Colliers International Melbourne
Level 30/367 Collins St Melbourne 3004 VIC 3004

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

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