218 - 246 Macaulay Road North Melbourne VIC 3051

Cushman & Wakefield is proud to present 218-246 Macaulay Road & 23 Boundary Road, North Melbourne an extremely rare opportunity to secure a large-scale landholding located at the prominent axis of Boundary and Macaulay roads in highly sought after North Melbourne.

Large 7,811 sqm site with expansive dual frontages to Macaulay & Boundary roads
2km's from the Melbourne CBD
Flexible Commercial 1 Zone with a Design Development Overlay allowing 12 levels providing the ability to create a truly iconic development of significant scale
Suitable uses include residential apartments or Build to Rent, Co-Living, Student Accommodation, Retirement, Office, Hotel, Retail and or medical (STCA)
Preliminary concepts prepared comprise of 443 apartments (NSA 28,347 sqm*) Retail (NLA 1,895 sqm*), 270* carparks and a total GFA of 39,239 sqm*
Blank canvass for a developer to create a striking Large scale Mixed-Use Project
Exceptional panoramic unrestricted views to the Melbourne CBD
Current improvements include 4 office warehouses and signage providing a gross passing income of $549,885
Walking distance to some of the best and most vibrant cafes, bars, food and beverages offerings
Outstanding connectivity with two train stations, Tullamarine Freeway, Moonee Ponds Creek and Trail
Close proximity to Royal Park, Princes Park, and North Melbourne Recreation Centre
Strong demand for BTR products and apartments due to limited supply and population growth to resume as borders begin to reopen
11.5% increase in the last 12 months to median house price of North Melbourne continuing to price potential purchasers out of the established housing market in this area

To arrange a private inspection please contact Cushman & Wakefield, the exclusive selling agents:

Lukas Byrns +61 423 791 126 or Marcus Neill +61 452 405 782

*Approx.