Leading Agents, Julian Heatherich, Jess Radisich & Benson Zhou of Savills Melbourne has unveiled a new premium development opportunity in Melbourne’s booming suburb of Ascot Vale.
Neatly nestled just five kilometres* from Melbourne CBD, this 1,617 sq m* development opportunity is blocks away from amenities such as the Ascot Vale train station, the Union Road retail precinct, the Ascot Vale Leisure Centre and the Melbourne Showgrounds.
Equine aficionados may also be delighted with the property’s proximity to the famed Flemington racecourse.
With Ascot Vale’s two-to-three-bedroom apartment rentals hovering at approximately $500 pw (according to realestate.com.au) and demand in the area levelling out at more than twice the Victorian average, this site seems ideal for a luxury residential complex. In fact, plans for a townhouse project have already been lodged, and the property has been granted General Residential Zone 1 status. Attractions for potential tenants include:
-Access to trams along Maribyrnong Road and the major arterial CityLink freeway
-Proximity to St Mary’s Primary School, Maribyrnong College and Victoria University
-Three street frontages (which will make for more expansive views)
-Proximity to outdoor facilities for sport and recreation such as Walter Street Reserve and Riverside Golf & Tennis
This strategic landholding at 147-149 The Parade is listed for sale by expressions of interest and is closing on Wednesday, May 17.
Contact one of the following agents for further information:
Julian Heatherich - 0412 995 655
Jesse Radisich - 0402 085 702
Benson Zhou - 0458 488 888