Land

The Precinct - 346-350 Macaulay Road, Kensington

Macaulay Road Kensington, VIC Australia 3031
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Tenure Type Freehold
Building Area
Land Area ()

Property Description

**EXPRESSIONS ON INTEREST IS NOW CLOSED**


JLL and Colliers are pleased to present “The Precinct”, 346-350 Macaulay Road, Kensington, a precinct defining opportunity in one of Melbourne’s most sought-after city fringe locations with a quintessential development approval.


This exceptional dual fronted corner landholding positioned within the heart of Kensington just 2.5 kilometres from the CBD is approved for a multi-storey mixed-use development incorporating 424 apartments plus commercial tenancies.

Sites of this scale are rare in Melbourne’s city fringe market and opportunities to provide masterful communities of this magnitude are even scarcer.

Key features are below:

·       Enormous 8,803 sqm site with expansive dual street frontages to Macaulay Road and Stubbs Street totalling 201m*

·       Considered, thoughtful and adaptable permit achieved by BCS in association with Hayball Architects for an eight (8) level mixed use project over six (6) buildings

·       Ultimate flexible mixed-use zoning allows for a variety of end uses including residential, commercial, retail and hospitality (STCA)

·       Surrounded by unrivalled connectivity networks, evidenced by two train stations in the immediate vicinity, being Kensington and Macaulay stations

·       Potential for exceptional and protected CBD skyline views from the proposed project

·       Current improvements include a four (4) level office with adjoining warehouse providing a total GLA of 6,337 sqm providing passing income


For further information, please contact the selling agents at JLL or Colliers.


JLL

Josh Rutman

0411 273 746


Noral Wild

0403 439 991


David Hill

0431 248 477


MingXuan Li

0498 668 998



*In Conjunction with Colliers


*approx

Investment Highlights

  • 8,803 sqm* corner landholding
  • Premium residential & lifestyle precinct
  • Permit approved for mixed use tower 
Last Updated Date: 21 Jun 2021
Josh Rutman
Josh Rutman
Executive Director, Head of Capital Markets - Victoria
MingXuan  Li
MingXuan Li
Associate, Capital Markets

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Last Updated Date: 21 Jun 2021

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