The Precinct, 346-350 Macaulay Road, Kensington, VIC 3031

Development/Land

For Sale Contact Agent

  • Property ID: 391679
  • Land Area: 8800m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Hybrid Fibre Coaxial (HFC)
Prime 8,803sqm Land Holding with Permit Approval

Colliers and JLL are pleased to present “The Precinct”, 346-350 Macaulay Road, Kensington, a precinct defining opportunity in one of Melbourne’s most sought-after city fringe locations with a quintessential development approval, for sale via Expressions of Interest (EOI) closing Friday 18 June at 2pm.
This exceptional dual fronted corner landholding positioned within the heart of Kensington just 2.5 kilometres from the CBD is approved for a multi-storey mixed-use development incorporating 424 apartments plus commercial tenancies.
Sites of this scale are rare in Melbourne’s city fringe market and opportunities to provide masterful communities of this magnitude are even scarcer.
Key features are below:
• Enormous 8,803 sqm site with expansive dual street frontages to Macaulay Road and Stubbs Street totalling 201m*
• Considered, thoughtful and adaptable permit achieved by BCS in association with Hayball Architects for an eight (8) level mixed use project over six (6) buildings
• Ultimate flexible mixed-use zoning allows for a variety of end uses including residential, commercial, retail and hospitality (STCA)
• Surrounded by unrivalled connectivity networks, evidenced by two train stations in the immediate vicinity, being Kensington and Macaulay stations
• Potential for exceptional and protected CBD skyline views from the proposed project
• Current improvements include a four (4) level office with adjoining warehouse providing a total GLA of 6,337 sqm providing passing income
For further information, please contact the selling agents at Colliers or JLL.
Colliers:
Trent Hobart
0433 196 452
Hamish Burgess
0421 641 497
Jozef Dickinson
0402 678 888
JLL:
Josh Rutman
0411 273 746
Noral Wild
0403 439 991
David Hill
0431 248 477
MingXuan Li
0498 668 998
*denotes approx.

Kensington Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $6000 --- ---
Retail $7333 $238 3.25%
Offices --- $238 ---
This is the average advertised price, rent and yield for Kensington, VIC 3031*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
Tools

  Colliers International Melbourne CBD

 

View Agency Profile

  JLL - Melbourne

 

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
LOGIN (Existing Members)
×

REGISTER (New Members)

Already have a CPG account? Login

×
×

×
REGISTER (New Members)
×