Leading Melbourne Agents Christian Ranieri and Paul Demirtzoglou of the acclaimed RPM Real Estate group have unvailed their latest opportunity, this time in the highly sought-after Albion Street precinct which is set be be one of Brunswick’s most significant opportunities the market has seen this year.
Offering a substantial fifteen hundred and thirty square metres (1,530) of prime, inner-City landholding, 212-214 Albion Street presents with appealing zoning characteristics that provide for residential development up to six story’s (6) subject to the appropriate approvals from Council.
Positioned within metres of Sydney Road, itself a popular destination for retail, hospitality and lifestyle visitors, Albion Street boasts linkages to a suite of local amenities including Anstey Station, Barkly Square and Brunswick Park, whilst also being located less than eight kilometres of Melbourne’s City Centre.
" Brunswick is a proven location for developers seeking an opportunity to capitalise on both owner occupier and investor buyer demand for readily accessible lifestyle options. This site combines the opportunity to secure over 1,500sq m of residential zoned land with the potential to develop six plus stories, subject to council approval" Mr Ranieri said.
CoreLogic data highlights median house prices over $1 million and medium unit prices in excess of some $500,000 in addition to a positively moving capital growth trend, with a broad buying demographic combining young professionals, first-home buyers and astute investors - reinforcing this notion is the success of nearby projects of similar scales that have proved particularly lucrative in the past.
Method of sale is via Tender closing Thursday, 8th June at 4pm, with interested parties able to access additional information and contact the listing agents here or using the below link.