Savills is delighted to offer for sale this premium development opportunity, situated at 106-110 Peel Street, North Melbourne. Rarely does such a significant and high quality opportunity in North Melbourne present itself, and accordingly we recommend your serious consideration of this prime landholding.

Key attributes of this outstanding property include:

  • Three adjoining retail freeholds

  • Prime landholding of 340sq m*

  • Prominent 15m* Peel Street frontage plus valuable rear access

  • Approved permit for striking 7-level mixed-use project comprising serviced apartments + retail

  • Current Passing Income: $156,200 per annum*

  • Short-term tenancy agreements allowing prompt redevelopment

  • Potential for expansive CBD views from potential project

  • Unrivalled city-fringe location just 50m* from Queen Victoria Market (about to undergo $250m* revitalisation)

  • Easy walking distance to University of Melbourne, RMIT, Flagstaff Gardens and Melbourne’s major hospital precinct

  • A spectacular development, investment or landbanking opportunity in Melbourne’s busiest tourist and student location

The opportunity to secure prime property in such an outstanding location is very rare and accordingly we encourage prospective purchasers to actively consider this outstanding opportunity.

106-110 Peel Street, North Melbourne is For Sale by Expressions of Interest closing Wednesday 6 June at 2pm.