68-102 & 103 Alfred Street & 87-105 Racecourse Road, NORTH MELBOURNE, VIC 3051
Virtual Tour

Property Highlights

  • 1.3172ha* Gateway C1Z & MUZ Landholding
  • Multiple Staged Planning Permits
  • $406,800p.a. Holding Income

Expressions of Interest Now Closed - Offers Under Review

'The Village North Melbourne', located at 68-102 & 103 Alfred Street & 87-105 Racecourse Road, North Melbourne is an exceptional opportunity to secure one of the largest permit approved development sites in inner city Melbourne.

The property can be described as:

+Prodigious 13,172sqm* landholding across three (3) title allotments, with multiple frontages totalling 233m* to Racecourse Road, Alfred Street and Plessey Lane.

+Partially vacant land (87-105 Racecourse Road) with existing multi-level improvements (68-102 Alfred Street) comprising a multi-level office/warehousing building.

+Highly flexible Commercial 1 Zone & Mixed Use Zones with favourable height allowances with strong height precedence to offer outstanding future development scope.

+Multiple planning approvals in place for a multi-staged major mixed-use project comprising 584 apartments, 150 serviced apartments and 9,248sqm* of retail/commercial, totalling 54,677sqm* NSA/NLA.

+Current holding income of $406,800 p.a. Leased to Melbourne Pathology until June 2023.

+Gateway site benefitting from one of Melbourne’s best connection points, with the Citylink entrance abutting connecting to Melbourne’s CBD, south-east to the Mornington Peninsula, south to West Gate Freeway, and north to Melbourne Airport.

+Outstanding public transport accessibility with Flemington Bridge Train Station only 100m* away and a tram line along Racecourse Road proving direct Melbourne CBD access.

+Major employment hubs close by including the Royal Children’s Hospital (900m*), along with the University of Melbourne and the Royal Melbourne Hospital also only a short distance.

For further information please contact the exclusive sales and marketing agents at CBRE & Stonebridge:


David Minty

+61 422 564 199

[email protected]

Nathan Mufale

+61 421 224 354

[email protected]

JJ Heng

+61 411 059 116

[email protected]

Stonebridge Property Group:

Julian White

0422 764 137

[email protected]

Chao Zhang

0411 625 068

[email protected]

Acting Under the Instruction from:

Advise Transact


Remember to mention you found this property on DevelopmentReady

calculator-icon Yield Calculator
calcultor-icon Yield Calculator
$ ×
$ ×

Due Diligence Tool

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
Enquire Now