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Auburn, 191 Peel Street, North Melbourne, VIC, 3051

2. Property Highlights

CBD Fringe Freehold with Exceptional Upside

"AUBURN" an imposing and versatile mixed use zone freehold offering like this, rarely comes on the market in this prime City North Structural/ Parkville NEIC precinct. Currently presents as a turnkey property, modernised to make this a very compelling property for immediate substantial yield or occupancy. All the hard work has been done, with plans for a 7 level office residence commissioned by Petridis architects and  town planning by Urbis (STCA). This is a unique property in the heart of the Medical and Knowledge precinct, a mere 400 metres to the major hospitals, future Parkville metro station, and sharing neighbours with the likes of corporate leaders as CSL, this property ticks all the boxes for a boutique residence, medical suites, offices, and of course future upside in development potential in this already rapidly evolving gateway to the CBD. Inspection is a must.

Some key features:
- A unique and beautiful facade, of wide proportions (just under 7 metres) 
- Turnkey property in the medical and knowledge precinct 
- Occupy or lease immediately
- Excellent yield, rental expected at $1500p/w
- City North Structure plan
- Parkville National Employment and Innovation Cluster (NEIC)
- Parkville station 500m
- CBD and legal precinct 500m
- Mixed Use Zone, allowing versatility in occupancy 
- Plans commissioned by Petridis architects
- Town Planning by Urbis and Bryce Raworth Consultants
- 24 meter height controls
- Blue chip offering, rarely seen on the market
- Sold as a vacant possession

For sale by Expressions of Interest closing on Tuesday 30 April 2024 at 5pm (AEST).

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4. Property Location

Auburn, 191 Peel Street, North Melbourne, VIC, 3051

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5. Due Diligence

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Auburn, 191 Peel Street, North Melbourne, VIC, 3051 North Melbourne