Dual fronted Inner-City Landholding with Substantial Existing Improvements
Stonebridge Property Group are pleased to present for sale 76 McCracken Street, Kensington.
The Property represents a substantial inner-city landholding with dual street frontage and significant existing improvements, offering a rare opportunity to invest, occupy, reposition or develop (STCA), within one of the inner north's most tightly held residential pockets.
Key highlights of the opportunity include:
- Substantial 1,288 sqm* landholding
- Dual street frontage totalling 52 m* to McCracken Street and Epsom Road
- Significant existing improvements including a church hall, expansive double-storey brick building and storage building
- Offering the potential to occupy, repurpose, value-add or develop (STCA)
- Prominent inner-north location just 4 km* from the Melbourne CBD, benefiting from strong connectivity and ongoing urban renewal
- Excellent public transport access, with Kensington Train Station only 300 m* away and direct access to key arterial roads including CityLink
- An easy 120 m* walk to Macaulay Road retail precinct anchored by cafés, grocers and essential retail amenity
- Surrounded by significant lifestyle amenity including JJ Holland Park (380 m*), Flemington Racecourse (1 km*) and Royal Park (1.4 km*)
- Located within a tightly held, village-style residential catchment supported by strong demographics and increasing institutional investment
- Benefiting from proximity to the Macaulay Precinct urban renewal area, set to drive long-term population growth and uplift in the surrounding area
- Affluent resident base, with median weekly incomes 44% above the Victorian average (ABS 2021), underpinning strong local spending power and economic stability
- Significant institutional investment in the immediate precinct, highlighted by Greystar’s ~$360M build-to-rent project, reinforcing long-term confidence in Kensington
- Located within the Macaulay Precinct urban renewal corridor, set to deliver high-density residential and mixed-use development, driving future population growth and amenity uplift
- Strong population growth forecast, with Kensington projected to increase by over 60% by 2043, supporting sustained housing demand
To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Andrew Milligan
+61 421 559 992
Lucas Duffy
+61 417 596 560
Chao Zhang 张超
+61 0411 625 068
*Approximately
^ Realestate.com.au
Property Code: 1694
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