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68-102 & 103 Alfred Street & 87-105 Racecourse Road North Melbourne VIC 3051

  • Development / Land
  • 1.32 ha
  • For Sale, Contact Agent (under offer)

'THE VILLAGE' PRESENTING MELBOURNE'S LARGEST PERMIT APPROVED CITY FRINGE OFFERING IN 2022

  • 1.3172ha* Gateway C1Z & MUZ Landholding
  • Multiple Staged Planning Permits
  • $406,800p.a. Holding Income

Expressions of Interest Now Closed - Offers Under Review

'The Village North Melbourne', located at 68-102 & 103 Alfred Street & 87-105 Racecourse Road, North Melbourne is an exceptional opportunity to secure one of the largest permit approved development sites in inner city Melbourne.

The property can be described as:

+Prodigious 13,172sqm* landholding across three (3) title allotments, with multiple frontages totalling 233m* to Racecourse Road, Alfred Street and Plessey Lane.

+Partially vacant land (87-105 Racecourse Road) with existing multi-level improvements (68-102 Alfred Street) comprising a multi-level office/warehousing building.

+Highly flexible Commercial 1 Zone & Mixed Use Zones with favourable height allowances with strong height precedence to offer outstanding future development scope.

+Multiple planning approvals in place for a multi-staged major mixed-use project comprising 584 apartments, 150 serviced apartments and 9,248sqm* of retail/commercial, totalling 54,677sqm* NSA/NLA.

+Current holding income of $406,800 p.a. Leased to Melbourne Pathology until June 2023.

+Gateway site benefitting from one of Melbourne's best connection points, with the Citylink entrance abutting connecting to Melbourne's CBD, south-east to the Mornington Peninsula, south to West Gate Freeway, and north to Melbourne Airport.

+Outstanding public transport accessibility with Flemington Bridge Train Station only 100m* away and a tram line along Racecourse Road proving direct Melbourne CBD access.

+Major employment hubs close by including the Royal Children's Hospital (900m*), along with the University of Melbourne and the Royal Melbourne Hospital also only a short distance.

For further information please contact the exclusive sales and marketing agents at CBRE & Stonebridge:

CBRE:

David Minty
+61 422 564 199
david.minty@cbre.com.au

Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au

JJ Heng
+61 411 059 116
jj.heng@cbre.com.au

Stonebridge Property Group:

Julian White
0422 764 137
jwhite@stonebridge.com.au

Chao Zhang
0411 625 068
czhang@stonebridge.com.au

Acting Under the Instruction from:
Advise Transact

*Approx.

Property Highlights

Floor AreaAsk Agent
Land Area1.32 ha
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2017832500
Category
Last updated  21 Jul 2022
Map for 68-102 & 103 Alfred Street & 87-105 Racecourse Road North Melbourne VIC 3051

Property Highlights

Floor AreaAsk Agent
Land Area1.32 ha
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2017832500
Category
Last updated  21 Jul 2022
Level 34, 8 Exhibition Street Melbourne VIC 3000
David Minty
David Minty
CBRE Melbourne
Nathan Mufale
Nathan Mufale
CBRE Melbourne
Julian White
Julian White
Stonebridge Property Group VIC
Chao Zhang
Chao Zhang
Stonebridge Property Group VIC

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