Stonebridge Property Group is pleased to present for sale a permit approved development opportunity at 69-75 Racecourse Road, North Melbourne.
Situated on a landholding 1,041 sqm* with dual street frontage, this Commercial 1 Zone development site is permit approved for a 12-level residential development. Designed by Bayley Ward Architects, this permit features 92 well-designed apartments, with an NSA of 5,746 sqm*.
This offering is in close proximity to outstanding public transport amenity with Flemington Bridge Train Station only 120m* away and a tram line along Racecourse Road. The property is also walking distance to Racecourse Road retail village, providing a wide range of cafes, restaurants and supermarkets, with Royal Park only 300m* away.
Major employment hubs close by including the Royal Children’s Hospital (900m*), along with the University of Melbourne and the Royal Melbourne Hospital also only a short distance.
The property is located on the fringe of the Arden-Macaulay development precinct. First proposed in 2012, Arden-Macaulay is predicted by 2040 to accommodate job growth of 22,500 and residential growth of 20,500 people (source: Arden-Macaulay Structure Plan 20120).
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.