AN EXPANSIVE FOOTHOLD IN THE BEST LOCALE

458-470 Macaulay Road, Kensington, Victoria 3031

Land For Sale

Auction. Date 6 Dec 2018
Land Area: 457.00 m2.    Floor Area: 457.00 m2.    

Description

Colliers International is pleased to present an exceptional mixed-use investment and development opportunity positioned in a strategic growth location, on the cusp of Melbourne’s CBD. 458-470 Macaulay Road comprises the following key attributes:

458-470 MACAULAY ROAD, KENSINGTON

• Triple frontage character warehouse of 438m*, the property is offered with a substantial net annual income.

• The expansive 457m²* corner allotment spans over 53m* across three (3) broad street frontages to Macaulay Road, Rankins Road and a council laneway.

• Located in the Macaulay precinct, 458-470 Macaulay Road has recently adopted flexible, mixed-use zoning. The rapidly evolving precinct compliments a strategic investor or developer


• Sought-after village location suitable for premium conversion towards commercial offices, boutique residential and alternative uses such as hotel, serviced apartments and co-working space (STCA).

• Exclusively located in Kensington’s most premium enclave, 458-470 Macaulay Road boasts direct connectivity with Kensington Train Station and Kensington Village.

• One of Kensington’s most iconic and sought-after warehouses, offered with substantial income and providing unprecedented development upside, an opportunity unlikely to ever surface again.

*Approx.

FOR SALE BY ON-SITE PUBLIC AUCTION THURSDAY 6TH DECEMBER 2018 AT 12.00PM

To arrange an inspection or for more information please contact Colliers International as the exclusive selling agents.

Daniel Wolman +61 412 957 839

Dave Walker +61 439 889 048

Lachlan Dornauf +61 437 957 787

Oliver Hay +61 419 528 540

This property is proudly marketed by the Melbourne City Sales Team (MCS).

Features

  • UNRIVALLED FRONTAGE AND LAND-HOLDING
  • SUBSTANTIAL AND SECURE INCOME
  • UNPRECEDENTED DEVELOPMENT POTENTIAL
  • STRATEGIC GROWTH LOCATION

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