52 - 79 Gadd Street Northcote VIC 3070

Development / Land
1.35 ha
Sold

Medium Density Residential Infill Site - for Sale by Tender closing 2pm Friday 21 May 2010

The property is located in the City of Darebin and its future use has been examined as part of the Darebin Industrial Land Use Strategy (DILUS). DILUS identified the Gadd Street industrial area as not being suited to long-term industrial use and supported a rezoning to Residential 1.

The property offers the market a sought after infill residential development site in a location that has had strong residential growth over the last few years and more significantly in recent times.

Property attributes include:

– Frontage to the northern side of Gadd Street of approximately 210 metres and 169 metres to the Southern side.
– Located metres from the St Georges Road tram number 112 and approximately 450 metres from the Croxton Rail station.
– Site area – 13,450 square metres or 1.345 hectares approx.
– Residential 1 zoning (re-zoned from Industrial 3).
– Centrally located to High Street shops, parks, schools and the Northcote Public Golf course at Mayer Park.

Terms: 1% on lodgement of tender with a further 9% upon Vendor acceptance and the balance of purchase monies payable within 60/90 days.

Tender closing in the offices of DTZ, Level 15, 1 Collins Street Melbourne at 2pm on Friday 21 May 2010