Stonebridge Property Group is pleased to present for sale 421-431 Gordon Street, Maribyrnong, a significant 2,158 sqm* site, with a highly advantageous dual street frontage of a combined 105 metres*.
The property is permit approved for 51 apartments, 10 townhouses and retail. The flexible Commercial 1 Zone offers a range of alternative development outcomes, with several schemes available including townhouses and multi-residential for review (STCA).
Located only 50 m* from the Edgewater Boulevard retail precinct, and Aldi (120 m*), and 1.2 km from Highpoint Shopping Centre, the 5th largest shopping centre in Australia, the property also benefits from an abundance of education options with several primary and secondary schools and universities within walking distance: Footscray North Primary School (600 m*), Maribyrnong College (700 m*) and Victoria University (900 m*).
The precinct is set to benefit from the new $1.5 billion Footscray Hospital, currently under construction and set to be completed in 2026, located 1 km* from the property. Maribyrnong’s population is set to increase by a near 70% by 2051 and has a significant undersupply of housing with a 1.72% vacancy rate, providing opportunity for developers to capture value uplift as the precinct matures.
Excellent public transport, with a tram stop directly out the front of the property along Gordon Street, the property has easy access to the CBD via Ballarat Road (600 m*) and the Princes Freeway (1.2 km*).
The key investment highlights for consideration include:
- A substantial 2,158 sqm* landholding, with dual street frontage of 105 m*
- The property is permit approved for 51 apartment, 10 townhouse and retail
- Flexible Commercial 1 zone with several alternative development schemes available (STPA)
- Exceptional retail amenity, with local retail including Aldi (only 120 m*), and Highpoint Shopping Centre (1.2 km*)
- Excellent lifestyle amenity, with proximity to the Maribyrnong River (1km*), Maribyrnong Family Park (300 m*), Thompson Reserve (600 m*), Quarry Park (800 m* and Footscray Park (1.9 km*)
- An abundance of education options with several primary, secondary and universities in walking distance: Footscray North Primary School (600 m*), Maribyrnong College (700 m*) and Victoria University (900 m*)
- Proximity to public transport available with number 82 tram stop at the front of the property, as well as convenient access to the CBD via major arterials Ballarat Road and Princes Freeway
To obtain further information, or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Andrew Milligan
0421 559 992
Julian White
0422 764 137
Chao Zhang ??
0411 625 068
*Approximate
Property Code: 751