Development/Land

POINT OF INTEREST:
The inner-city suburb of Brunswick is so very Melbourne. Think cafes, experimental dining and vintage designer stores, and now – the ultimate value add opportunity.

Sure to spark interest from local and interstate property players looking to a secure prime land in the inner north, this two-level residential apartment block, consisting of nine one-bedroom apartments, is presented as one whole offering. And its the development opportunity you’ve been looking for.

With a land holding of 601sqm*, as it stands, this is a stellar addition to any portfolio, only sweetened by the existing holding income. Here, you can capitalise on the potential of a well-positioned city fringe site in highly sought-after Brunswick West. Couple that with the ever-growing need for convenient and accessible housing for the tens of thousands of students who attend Melbourne University only 3.7km* away, and buyers looking to get their foot in the city fringe market – and you’ve got yourself one big block of development opportunity.

As inner-city locations go, it doesn’t get much better. Close to some of Melbourne’s big ticket attractions including the Zoo & Flemington Racecourse, this location - right on the cusp of Parkville – is close to the Royal Melbourne Hospital, Princes Park & Western Oval. Tram route 58 to Flemington Bridge station and bus route 504 are also within metres for an effortless daily commute.

 - Whole block of nine apartments  
 - Neighbourhood Residential Zone - Schedule 1
 - 601sqm* land holding
 - Current rental income
 - Subdivision potential (STPA) 
 - 23% increase in rents over the past 12 months**
 - 120m* to route 58 tram
 - 1.1km* to Jewel train station & 800m* to Royal Park Railway Station 
 -  Close proximity to Melbour...