Cushman & Wakefield Development Sites is excited to present 124-180 Ballarat Road, Footscray, also known as the 'Kinnear's Precinct,' for sale by International Expressions of Interest closing Thursday, 26th September at 12pm (AEST).
Located in Melbourne's inner-west, the 'Kinnear's Precinct' offers a premier mixed-use development opportunity. Its strategic location near essential transport connections and amenities makes it a pivotal site for the ongoing urban revitalisation of the area.
With the approved Kinnear's Precinct Development Plan, the site supports development outcomes including 1,200+* dwellings along with suitable retail/commercial spaces within buildings ranging from 5-18 storeys.
Key details of the development site include:
- Significant island development site of 2.99-hectare*, the likes of which are rarely offered to the open market.
- Flexible mixed-use planning zone.
- De-risked by the approved Kinnear's Precinct Development Plan & planning approval for Stage 2.
- Approximate yield of 1,200+ dwellings plus commercial & retail with the option to amend the Development Plan for a higher yielding development outcome (subject to planning approval).
- The availability of distinct stages provides the flexibility for phased future redevelopment.
- Proven location for medium-density mixed-use projects.
- Suitability for Build-to-Sell, Build-to-Rent, Student Accommodation, Key Worker Housing, Aged Care & Retirement Living or a combination of options.
- Victoria's Housing Statement, aiming for 800,000 homes in Victoria over the next decade, along with Plan Melbourne's aspiration of 70:30, positions the Kinnear's Precinct as a prime opportunity to provide housing on a large scale in a location proximate to services and transportation.
- The Victorian Government has designated the Footscray precinct as one of seven priority precincts.
- Footscray encompasses all the vital elements of a 20-minute neighbourhood, aligning with the goals set forth in Plan Melbourne 2017-2050.
- The upcoming Footscray Hospital, backed by a $1.5 billion investment from the Victorian Government, stands as one of the most significant health infrastructure ventures in the state's history. It is poised to serve as a driving force for bolstering local health services and generating employment prospects within the community.
- Victoria University (Footscray Campus) stands among the top 2% of global universities, hosting 19% international students and boasting a fulltime student population exceeding 14,000 (The World University Rankings 2024).
- Footscray, as a direct beneficiary of Victoria's Big Build, is poised to gain from unparalleled transport infrastructure projects, including the Metro Tunnel and West Gate Tunnel.
- Footscray enjoys access to three train stations: Footscray, West Footscray, and Middle Footscray.
*Approx.
To obtain further information or to arrange an inspection, please contact the exclusive selling agent.
Joe Kairouz +61 421 430 638
Hamish Burgess +61 421 641 497
Leon Ma +61 417 070 725
