Cushman & Wakefield Melbourne City Fringe Sales & Melbco Development Sites is excited to present 235 Napier Street, Fitzroy, via International Expressions of Interest.
235 Napier Street presents an ideal boutique development or value-add opportunity in one of Melbourne's most amenity-rich City Fringe neighbourhoods.
Fitzroy is widely regarded as a premium City Fringe suburb where properties are highly sought after, as evident from the limited availability of stock in the market and consistent, exceptional sales results.
Just sold in March 2023, a unit at 219 Napier Street, Fitzroy (five doors down the road) achieved a premium Building Rate of $18,900/sqm* setting a new benchmark for the precinct.
Situated amidst established developments and with a projected population growth of 64%* over the next 20 years*, 235 Napier Street is perfectly positioned to cater to the strong demand for high-quality residential accommodation or commercial space in the area.
- Dual street frontage to Napier and St David Streets, spanning over 42 meters.
- Flexible Mixed-Use Zoning (MUZ) permitting a multitude of uses, including residential, student accommodation, hotel, serviced apartments, co-living, office, and retail (STCA).
- Permit-approved apartment scheme for a five (5)-level development consisting of fourteen (14) high-end apartments totalling 2,328 sqm* of GFA.
- Hotel/serviced apartments/co-living scheme prepared for forty-three (43) rooms, including a restaurant and café space on the ground floor.
- Existing building of 320 sqm* plus rear on-site parking, appealing to owner-occupiers or investors alike.
- Premier Fitzroy location, a short walk to Melbourne's best hospitality and retail strips, including Brunswick Street, Johnston Street, and Smith Street, and nearby the University precinct and Carlton Gardens.
- Highly accessible location on the fringe of the Melbourne CBD, and in immediate proximity to public transport.
Access to the data room is available upon request, and on-site inspections are available by appointment only.
For Sale by International Expressions of Interest closing 29 June 2023 at 12pm.
Contact the Melbco Team Today
Daniel Wolman | +61 412 957 839
Alexander Leggo | +61 432 053 747
Marcus Neill | +61 452 405 782
Leon Ma | +61 417 070 725
*Approx
