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.
