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Development/Land For Sale found in NORTH MELBOURNE, VIC 3051

HIGH PROFILE CITY FRINGE SITE

Development/Land (Residential)

Conveniently located potential development site within 100 metres to Macaulay Train Station, is very close to the retail precinct and the Bolte Bridge on & off ramps.
Great development potential with imminent rezoning to "Commercial 1 zone" under the amendment C190 which allows preferred development height of 20-30 metres (7-10 levels approximately).
Over 17 metre frontage to Macaulay Road rectangular in shape
Vacant Possession
Two (2) kilometres from the CBD and close proximity to Melbourne University, Melbourne Hospital Precinct, Victoria Market and some of Melbourne's Inner City recreational areas.
Please note that there is a fire damaged building on site that has been cleared of debris but would need to be demolished.


For more information please do not hesitate to contact CVA today.

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Price: Contact Agent    Land: 860m²    Occupancy: Vacant

Properties located in the surrounding suburbs

DYNAMIC CORNER ON THE DOORSTEP OF THE MELBOURNE CBD

Development/Land

- Prominent West Melbourne corner
- Flexibility to develop multi-level tower
- Significant dual street frontages
The JLL Metropolitan Sales team is proud to present this opportunity to the market.
This flexible site of 1,070 sqm, this opportunity will provide the wider development market with a significant acquisition prospect in one of the Melbourne City Fringe's most desired locations.
Key features of this site include:
- Flexible development opportunity of 1,070 square metres*
- Positioned amongst a plethora of amenity including Flagtaff Gardens, the CBD Legal Precinct, Southern Cross Station and Queen Victoria Market
- Potential to develop a multi-level mixed use tower with dual street frontages totaling 66 metres*
- Easy access to the renowned Education and Medical Precincts of Melbourne's City Fringe
- Expansive view corridor with the large frontages providing excellent potential for natural light
- Purchase in a rapidly growing precinct with improving apartment retail sale rates and low levels of vacancy
*approx
Corner Spencer and Batman Streets, West Melbourne is For Sale by Public Tender closing Thursday March 2 at 2pm.

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Price Contact Agent
Land 1070m²
Occupancy Vacant
Property ID 257427

RIVERSIDE DEVELOPMENT OPPORTUNITY

Development/Land (Residential)

This unique development site offers unrivalled attributes in one of Melbourne’s most highly sought after locations.
- Total Land Area: 5,084 sqm (approx)
- Mixed Use Zoning enabling high density residential development (STCA)
- Picturesque River Frontage
- 29 metre (approx) frontage to Hobsons Rd
- Existing cashflow from two tenancies
- Minutes to CBD
PRIVATE SALE

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Price: Contact Agent    Building: 4000m²    Land: 5084m²    Occupancy: Vacant

SUBURB PRICE GUIDE

Suburb Summary - North Melbourne, VIC 3051

Below you will find the average advertised Sale Price, Rent & Yield for this suburb.

Price (m²) Rent (m²) Yield
Offices $4011 $371 9.25%
Retail $225
Industrial $399
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list on Commercial Property Guide.
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