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Savills and CityLink Real Estate are delighted to offer for sale this high profile development opportunity situated at 268-276 Victoria Street, North Melbourne. Rarely does such a primed development opportunity in North Melbourne present itself and as such we recommend your serious consideration of this exceptional landholding.

Key attributes of this outstanding property include:

  • Ideal corner landholding of 473sq m*

  • Comprises 4 two level shops on one title

  • Valuable 65m* frontage to Victoria and Cobden Streets with rear lane access

  • Capital City 5 Zoning supporting mixed-use development

  • Current rental income of $142,405 per annum* with significant growth potential

  • Perfectly positioned for uninterrupted CBD views from a future project

  • Unrivalled city fringe location directly opposite the 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 an extraordinary property in such an outstanding location is increasingly rare, and accordingly we encourage purchasers to actively consider this incredible development opportunity.

The property is For Sale by Expressions of Interest closing Tuesday 25 September at 2pm.