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Lemon Baxter is pleased to present 752 Pascoe Vale Road, Glenroy for sale by Expression of Interest, offering a substantial 1,751sqm* landholding comprising four (4) adjoining lots with dual access to Pascoe Vale Road and a rear laneway.
Positioned prominently along Pascoe Vale Road, the property delivers scale, exposure and flexibility within a tightly held northern corridor supported by consistent residential demand and ongoing medium-density redevelopment activity.
The site is improved by an 865sqm* solid brick former telephone exchange and is offered with secure holding income via a Telstra leaseback (3 years plus 12-month option, triple net), equivalent to 5% of the final sale price, with fixed annual increases of 3%. A 99-year peppercorn lease applies to a 3.5m x 3.5m corner section only, leaving the overwhelming majority of the land available for future use.
Located approximately 13km* north of the Melbourne CBD, Glenroy benefits from strong arterial access via Pascoe Vale Road, with seamless connectivity to CityLink, the Tullamarine Freeway and Melbourne Airport. Glenroy Station is within walking distance, providing direct rail access to the CBD, while the surrounding area is supported by established retail amenity, schools, parklands and community infrastructure. Ongoing townhouse and medium-density development activity continues to reinforce the suburb’s appeal for future residential outcomes (STCA).
Key Highlights
- Substantial 1,751sqm* landholding (Lot 1 on TP644586K & Lots 3–5 LP2068)
- Dual access from Pascoe Vale Road and rear laneway
- 36.7m* frontage to Pascoe Vale Road
- General Residential Zone – Schedule 1 (GRZ1)
- Rental return 5% of the final sale price
- Existing 865sqm* solid brick building
- Minimal encumbrance, with a 99-year peppercorn lease over a 3.5m x 3.5m corner only
Development Feasibility (STCA):
- Apartments: 24 × two-bedroom dwellings
- Townhouses: 12 × two-bedroom dwellings
A rare opportunity to secure scale, income and long-term redevelopment potential within one of Glenroy’s established residential precincts.
For Sale by Expression of Interest
Closing Tuesday, 31 March 2026 at 4PM (AEDT)
For further information, please contact the exclusive selling agents at Lemon Baxter.
*Approximate
Remember to mention you found this property on DevelopmentReady
Lemon Baxter is pleased to present 752 Pascoe Vale Road, Glenroy for sale by Expression of Interest, offering a substantial 1,751sqm* landholding comprising four (4) adjoining lots with dual access to Pascoe Vale Road and a rear laneway.
Positioned prominently along Pascoe Vale Road, the property delivers scale, exposure and flexibility within a tightly held northern corridor supported by consistent residential demand and ongoing medium-density redevelopment activity.
The site is improved by an 865sqm* solid brick former telephone exchange and is offered with secure holding income via a Telstra leaseback (3 years plus 12-month option, triple net), equivalent to 5% of the final sale price, with fixed annual increases of 3%. A 99-year peppercorn lease applies to a 3.5m x 3.5m corner section only, leaving the overwhelming majority of the land available for future use.
Located approximately 13km* north of the Melbourne CBD, Glenroy benefits from strong arterial access via Pascoe Vale Road, with seamless connectivity to CityLink, the Tullamarine Freeway and Melbourne Airport. Glenroy Station is within walking distance, providing direct rail access to the CBD, while the surrounding area is supported by established retail amenity, schools, parklands and community infrastructure. Ongoing townhouse and medium-density development activity continues to reinforce the suburb’s appeal for future residential outcomes (STCA).
Key Highlights
- Substantial 1,751sqm* landholding (Lot 1 on TP644586K & Lots 3–5 LP2068)
- Dual access from Pascoe Vale Road and rear laneway
- 36.7m* frontage to Pascoe Vale Road
- General Residential Zone – Schedule 1 (GRZ1)
- Rental return 5% of the final sale price
- Existing 865sqm* solid brick building
- Minimal encumbrance, with a 99-year peppercorn lease over a 3.5m x 3.5m corner only
Development Feasibility (STCA):
- Apartments: 24 × two-bedroom dwellings
- Townhouses: 12 × two-bedroom dwellings
A rare opportunity to secure scale, income and long-term redevelopment potential within one of Glenroy’s established residential precincts.
For Sale by Expression of Interest
Closing Tuesday, 31 March 2026 at 4PM (AEDT)
For further information, please contact the exclusive selling agents at Lemon Baxter.
*Approximate
Remember to mention you found this property on DevelopmentReady
