881 Mt Alexander Road Essendon VIC 3040

Savills is delighted to present for sale 881 Mt Alexander Road, Essendon a premium permit approved corner landholding in the heart of Essendon's Mt Alexander Corridor activity centre, moments from Essendon train station and high-quality amenity.

The property's prime position and strong fundamentals make it an ideal opportunity to develop, invest or landbank in one of Melbourne's most sought-after suburbs.

The Savills team have no hesitation in presenting this blue-chip opportunity for your consideration.

Key attributes of the property include:

Prominent 1,138sqm* corner landholding
Permit approved for a 15-level project comprising 77 premium apartments, retail and office space
Flexible Commercial 1 Zone (C1Z)
Holding income of $225,778.50* over two tenants with demolition clause
Ideally positioned metres from Essendon Train Station and just a short walk from the Rose Street and Napier Street retail precincts
Opposite Penleigh and Essendon Grammar Junior school and in proximity to quality schools including Lowther Hall and PEGS Senior school
Strong suburb median house price of $1,625,000^

*approximate ^***

For Sale by Expressions of Interest closing Wednesday 20th August at 2pm.

For further information please contact:

Benson Zhou - 0458 488 888
Julian Heatherich - 0412 995 655
James Latos - 0422 604 900