Cushman & Wakefield is proud to present 218-246 Macaulay Road & 23 Boundary Road, North Melbourne an extremely rare opportunity to secure a large-scale landholding located at the prominent axis of Boundary and Macaulay roads in highly sought after North Melbourne.
• Large 7,811 sqm site with expansive dual frontages to Macaulay & Boundary roads
• 2km’s from the Melbourne CBD
• Flexible Commercial 1 Zone with a Design Development Overlay allowing 12 levels providing the ability to create a truly iconic development of significant scale
• Suitable uses include residential apartments or Build to Rent, Co-Living, Student Accommodation, Retirement, Office, Hotel, Retail and or medical (STCA)
• Preliminary concepts prepared comprise of 443 apartments (NSA 28,347 sqm*) Retail (NLA 1,895 sqm*), 270* carparks and a total GFA of 39,239 sqm*
• Blank canvass for a developer to create a striking Large scale Mixed-Use Project
• Exceptional panoramic unrestricted views to the Melbourne CBD
• Current improvements include 4 office warehouses and signage providing a gross passing income of $549,885
• Walking distance to some of the best and most vibrant cafes, bars, food and beverages offerings
• Outstanding connectivity with two train stations, Tullamarine Freeway, Moonee Ponds Creek and Trail
• Close proximity to Royal Park, Princes Park, and North Melbourne Recreation Centre
• Strong demand for BTR products and apartments due to limited supply and population growth to resume as borders begin to reopen
• 11.5% increase in the last 12 months to median house price of North Melbourne continuing to price potential purchasers out of the established housing market in this area
Contact exclusive agents Lukas Byrns +61 423 791 126 or Marcus Neill +61 452 405 782
*Approx.
Outline indicative only
Remember to mention you found this property on DevelopmentReady
