NEW DEVELOPMENTS, DEALS
Meet the demand: Approved Tower in Melbourne’s Booming Inner-West For Sale
Posted by Development Ready on Oct 08, 2019

A truly impressive approved development opportunity, set to take to the skies in Melbourne’s booming inner-west, has recently been listed for sale.

The approved planning permit allows for 85 apartments, 5 commercial tenancies and 74 car spaces, with stunning building designs by Metaxas Architects.

7 Wightman Street in Footscray is brought to the market by James Gregson and Martin Huang of Allard Shelton, in conjunction with Frank Vinci and Joseph Carbone of Vinci Carbone. Inspections are already underway, and with an auction scheduled on the 31st October, time is of the essence to arrange your inspection and obtain a copy of the plans.

“This is a very strategic site within the popular and highly sought after Joseph Road precinct, that is sure to pique the interest of every astute developer and investor,” Mr Gregson noted.

“The designs encompass a sleek mixed-use building on a 740sqm block, right on the edge of Footscray’s small CBD. Some residents on higher levels may also be treated to glorious views that extend across the Maribyrnong River and to the Melbourne city skyline.”

Footscray is a vibrant and multicultural inner-city suburb with a village feel. Its reputation over the past decade has been evolving rapidly; transforming from a once under-privileged and lower socio-economic community, into a gentrified and high demand residential neighbourhood.

“Footscray is not what it used to be,” commented Mr Huang.

“Mr West Bar in the centre, along with Hop Nation Brewery, have brought a wealth of craft beer fiends into the mix. New cafés that double up as vinyl shops have opened up. And Time Out Magazine just named it the 13th coolest suburb of the world. 7 Wightman Street represents an opportunity for developers to meet demand as more and more turn their eyes west.”
 

Summary:

  • 740sqm of highly valuable land area
  • Approved planning permit for 85 apartments, 5 commercial tenancies plus 74 car spaces
  • Strategic site within the popular and highly sought after Joseph Road precinct
  • Stunning building designed by Metaxas Architects
  • Highly sought after and booming city fringe location 
  • Only 5 km* from Melbourne CBD 
  • Surrounded by an abundance of amenities 

*Please note that all financials, measurements and distances quoted are approximate only.

7 Wightman Street, Footscray, VIC, 3011 is set to go to Auction at 2.30pm Thursday 31 October 2019. Enquire today to receive your copy of the approved plans and arrange an inspection

For more information on this opportunity, please contact the Allard Shelton and Vinci Carbone teams and mention Development Ready.

Allard Shelton
James Gregson: +61 421 516 480
Martin Huang: +61 416 161 166

Vinci Carbone
Frank Vinci: +61 418 375 375
Joseph Carbone: +61 418 351 316
 

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