We are pleased to present an exceptional opportunity to secure one of Melbourne's most significant inner-city development sites, 2 Neilson Place, Footscray.
Offered for sale via Expressions of Interest closing Thursday 20 August 2026, this substantial 6,262sqm landholding* represents a rare chance to acquire a permit-approved development site in one of Melbourne's fastest-evolving urban renewal precincts.
With an existing permit for 500 apartments across four towers, together with the potential for an expanded scheme of up to 822 apartments (STCA), the property offers immediate scale, flexibility and long-term value.
We would welcome the opportunity to discuss the property in more detail, provide access to the data room, or arrange a site inspection at your convenience.
The Opportunity:
Development sites of this calibre, scale and strategic positioning rarely become available so close to Melbourne's CBD.
Situated within the highly sought-after Activity Centre Zone, the property is ideally suited to a range of residential development outcomes, including Build to Sell (BTS), Build to Rent (BTR), affordable and social housing, and Housing Australia projects.
Existing planning approvals significantly reduce project lead times while providing purchasers with the flexibility to capitalise on future planning outcomes as market conditions continue to improve.
The combination of a prominent corner position, two street frontages and substantial land area create an outstanding platform for a landmark mixed-use or residential development.
/ 6,262sqm Activity Centre Zone site*
/ Permit approved for 585 apartments
/ Potential for 822 apartments (STCA)
/ 5km from Melbourne CBD*
/ Ideal for BTS, BTR & Housing Australia
Location:
Located just 5 kms West of Melbourne's CBD, 2 Neilson Place sits within the rapidly transforming Joseph Road Precinct, a key urban renewal area benefiting from significant public and private investment.
The site enjoys excellent connectivity via Footscray Railway Station, CityLink, the West Gate Freeway and major arterial road networks, while being only moments from the vibrant Footscray retail precinct, recently finished Footscray Hospital (with 5,000 employees) Footscray Market and the Maribyrnong River.
Surrounded by new residential developments, employment hubs, lifestyle amenity and transport infrastructure, the location continues to attract strong demand from residents, developers and institutional investors alike, positioning the property to benefit from the precinct's continued growth.
For Sale by Expression of Interest
Closing Thursday 20th August 2026 at 3:00pm
More Information
If you would like further details or to discuss the opportunity in more depth, please feel free to get in touch with the exclusive selling agents.
Nick Bourke AREI, CEA (REIV)
Consultant
0419 516 860
Email Nick
Steve Messina
Director, LREA
0412 035 176
Email Steve
Joel Wald
Director, LREA
0412 352 252
Email Joel
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