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374 Brunswick Road
Brunswick West VIC 3055
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Sold on 3 Nov 2023

374 Brunswick Road Brunswick West VIC 3055

  • Development / Land
  • 601 m²
  • Sold

A WHOLE BLOCK OF OPPORTUNITY

    POINT OF INTEREST:
    The inner-city suburb of Brunswick is so very Melbourne. Think cafes, experimental dining and vintage designer stores, and now – the ultimate value add opportunity.

    Sure to spark interest from local and interstate property players looking to a secure prime land in the inner north, this two-level residential apartment block, consisting of nine one-bedroom apartments, is presented as one whole offering. And its the development opportunity you’ve been looking for.

    With a land holding of 601sqm*, as it stands, this is a stellar addition to any portfolio, only sweetened by the existing holding income. Here, you can capitalise on the potential of a well-positioned city fringe site in highly sought-after Brunswick West. Couple that with the ever-growing need for convenient and accessible housing for the tens of thousands of students who attend Melbourne University only 3.7km* away, and buyers looking to get their foot in the city fringe market – and you’ve got yourself one big block of development opportunity.

    As inner-city locations go, it doesn’t get much better. Close to some of Melbourne’s big ticket attractions including the Zoo & Flemington Racecourse, this location - right on the cusp of Parkville – is close to the Royal Melbourne Hospital, Princes Park & Western Oval. Tram route 58 to Flemington Bridge station and bus route 504 are also within metres for an effortless daily commute.

     - Whole block of nine apartments  
     - Neighbourhood Residential Zone - Schedule 1
     - 601sqm* land holding
     - Current rental income
     - Subdivision potential (STPA) 
     - 23% increase in rents over the past 12 months**
     - 120m* to route 58 tram
     - 1.1km* to Jewel train station & 800m* to Royal Park Railway Station 
     -  Close proximity to Melbourne University & Royal Melbourne Hospital precinct 
     -  1.8km* to Royal Park
     - 3km* to Melbourne CBD

    POINT OF VIEW:
    Finding capital growth opportunity is hard – here, we’ve done the hard work for you, and it’s where you’ll make your mark in one of Melbourne’s best inner north neighbourhoods.

    *Approx.
    Pricing excludes GST

    CVA Property Consultants Pty Ltd
    CVA Property Consultants Pty Ltd
    18-20 Russell Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold3 Nov 2023
    Floor Area450 m²
    Land Area601 m²
    ParkingAsk Agent
    Property ID2018705295
    Category
    Last updated  1 Dec 2023
    Map for 374 Brunswick Road Brunswick West VIC 3055
    CVA Property Consultants Pty Ltd
    CVA Property Consultants Pty Ltd
    18-20 Russell Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold3 Nov 2023
    Floor Area450 m²
    Land Area601 m²
    ParkingAsk Agent
    Property ID2018705295
    Category
    Last updated  1 Dec 2023

    Co-Agents

    Ian Angelico
    CVA Property Consultants Pty Ltd
    Call
    0418336088
    Daniel Philip
    CVA Property Consultants Pty Ltd
    Call
    0439 977 121

    More about 374 Brunswick Road Brunswick West VIC 3055

    374 Brunswick Road Brunswick West VIC 3055 is categorized as Land & Development Property. It has a floor area of 450 m² and a land area of 601 m². The listing ID for this property is 2018705295.

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