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2. Property Highlights

ESSENDON'S TALLEST PERMIT APPROVED PROJECT POSITIONED AT THE PRESTIGIOUS ELEVATED JUNCTION
  • 1,139sqm* Commercial 1 Zone (C1Z) Land
  • Permit Approved for 14 Levels
  • 7,192sqm* NSA / NLA

CBRE Melbourne Metropolitan Sales is pleased to exclusively present for your consideration the tallest permit approved development site within the heart of the highly renowned blue-chip suburb of Essendon next to Essendon Train Station.

This premium opportunity offering can be summarised by the following key attributes:

+ 1,139sqm* Essendon gateway corner landholding situated within the heart of the highly popular Mt Alexander Corridor activity centre

+ High quality planning permit for a fourteen (14) level project with retail, office & seventy-seven (77) large sized residential apartments

+ 7,192sqm* Net Saleable Area / Net Lettable Area

+ Prominent Dual Frontages to Mt Alexander Road & Russell Street combining for a total 65m* allowing for multiple access and egress points ideal for future development projects

+ Established showroom & office Improvements offering Income potential

+ A strong median house price of close to $1,800,000* (REIV)

+ Located next to the highly regarded Rose Street retail, food & lifestyle strip (100m*) featuring Foodworks, Friendly Grocery AGI, Benny & Me Café, and a variety of retail offerings

+ A short stroll to Moonee Ponds Central (1km*) comprising a large array of retail and dining options such as Woolworths, K Mart and Coles. The site Is situated within walking distance to key retail amenity along

+ Adding to the popularity of this precinct are the prestigious secondary & primary educational offerings including Penleigh Essendon Grammar School, Essendon Primary School & Lowther Hall Anglican Grammar School to name a few

+ Surrounded by an abundance of parklands & lifestyle attractions Including the Moonee Valley Flemington Racecourses, Windy Hill Football Group & Queens Park

+ Unrivalled road & public transport networks Including Mt Alexander Road providing connectivity to the City Link freeway, Essendon train station & the route 59 tram situated on the site’s doorstep, providing direct access to Melbourne's CBD

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

Nathan Mufale

+61 421 224 354

nathan.mufale@cbre.com.au

David Minty

+61 422 564 199

david.minty@cbre.com.au

CBRE Asian Services Desk:

Jing Jun (JJ) Heng 王敬君 (中文普通话咨询物业详情)

+61 411 059 116 (手机)

jj.heng@cbre.com (电子邮件)

jheng1206 (微信)

*Denotes Approx.

Remember to mention you found this property on DevelopmentReady

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3. Property Location

881 Mt Alexander Road, Essendon, VIC 3040