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Savills is delighted to present for sale 881 Mt Alexander Road, Essendon – a premium permit approved corner landholding in the heart of Essendon’s Mt Alexander Corridor activity centre, moments from Essendon train station and high-quality amenity.
The property's prime position and strong fundamentals make it an ideal opportunity to develop, invest or landbank in one of Melbourne’s most sought-after suburbs.
The Savills team have no hesitation in presenting this blue-chip opportunity for your consideration.
Key attributes of the property include:
• Prominent 1,138sqm* corner landholding
• Permit approved for a 15-level project comprising 77 premium apartments, retail and office space
• Flexible Commercial 1 Zone (C1Z)
• Holding income of $225,778.50* over two tenants with demolition clause
• Ideally positioned metres from Essendon Train Station and just a short walk from the Rose Street and Napier Street retail precincts
• Opposite Penleigh and Essendon Grammar Junior school and in proximity to quality schools including Lowther Hall and PEGS Senior school
• Strong suburb median house price of $1,625,000^
*approximate ^realestate.com.au
For Sale by Expressions of Interest closing Wednesday 20th August at 2pm.
For further information please contact:
Benson Zhou - 0458 488 888
Julian Heatherich - 0412 995 655
James Latos - 0422 604 900
Remember to mention you found this property on DevelopmentReady
Savills is delighted to present for sale 881 Mt Alexander Road, Essendon – a premium permit approved corner landholding in the heart of Essendon’s Mt Alexander Corridor activity centre, moments from Essendon train station and high-quality amenity.
The property's prime position and strong fundamentals make it an ideal opportunity to develop, invest or landbank in one of Melbourne’s most sought-after suburbs.
The Savills team have no hesitation in presenting this blue-chip opportunity for your consideration.
Key attributes of the property include:
• Prominent 1,138sqm* corner landholding
• Permit approved for a 15-level project comprising 77 premium apartments, retail and office space
• Flexible Commercial 1 Zone (C1Z)
• Holding income of $225,778.50* over two tenants with demolition clause
• Ideally positioned metres from Essendon Train Station and just a short walk from the Rose Street and Napier Street retail precincts
• Opposite Penleigh and Essendon Grammar Junior school and in proximity to quality schools including Lowther Hall and PEGS Senior school
• Strong suburb median house price of $1,625,000^
*approximate ^realestate.com.au
For Sale by Expressions of Interest closing Wednesday 20th August at 2pm.
For further information please contact:
Benson Zhou - 0458 488 888
Julian Heatherich - 0412 995 655
James Latos - 0422 604 900
Remember to mention you found this property on DevelopmentReady
