DA Approved Mixed-Use Tower in Melbourne’s Booming Inner-West For Sale

DA Approved Mixed-Use Tower in Melbourne’s Booming Inner-West For Sale


June 2019
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DA Approved Mixed-Use Tower in Melbourne’s Booming Inner-West For Sale

The inner west of Melbourne is booming and the time is now to assess all opportunities. Quality large-scale properties in Footscray are becoming more and more scarce, as astute developers and investors pay closer and closer attention. This new proposition by Allard Shelton is no exception.

7 Wightman Street, Footscray, is a strategic opportunity within the popular and highly sought after Joseph Road precinct. Offered with an approved planning permit for a mixed-use development, this is sure to attract many serious potential purchasers.

“This Footscray opportunity is offered with an approved planning permit for 85 apartments, 5 commercial tenancies and 74 car spaces.” Allard Shelton selling agent James Gregson notes.

“The designs for this project, also must be said, are simply stunning and come care of Metaxas Architects.”

Footscray has received significant attention from investors and home buyers over the past five years. From a once lower socio-economic reputation, it has risen to a highly sought-after residential and culinary destination achieving a current median house price of $850,000. Much of the appeal lies in its proximity to the CBD, Victoria University (Footscray Campus) and the abundance of culture which fills the streets.

Allard Shelton colleague Michael Ryan added that, “Footscray is a vibrant and multicultural inner-city suburb with a village feel. The area is bustling with markets, gardens, riverside paths and residents with an array of backgrounds. There’s nothing quite like Footscray in Melbourne – but there’s still room for growth; the boat hasn’t left the dock quite yet!”
 

Summary:

  • Strategic 740sqm site within the popular and highly sought after Joseph Road precinct
  • Approved planning permit for 85 apartments, 4 commercial tenancies, 1 retail tenancy and 74 car spaces
  • Stunning building designed by Metaxas Architects
  • 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 is available for sale; interested parties are urged to enquire today to arrange a personal inspection.

For further information, please contact Allard Shelton:
James Gregson: +61 421 516 480
Michael Ryan: +61 433 180 199
Joseph Walton: +61 417 309 347
Martin Huang: +61 416 161 166

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