Rare City Fringe Development 177A Mt Alexander Road, Flemington

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1 Rare City Fringe Development 177A Mt Alexander Road, Flemington Expression of Interest closing 15th December 2017 at 4pm.

2 MOONEE PONDS MELBOURNE AIRPORT 19.7KM MOUNT ALEXANDER RD ROYAL MELBOURNE HOSPITAL ROYAL PARK CAMPUS E 177A MT ALEXANDER ROAD, FLEMINGTON KENT ST ASCOT VALE RD FLEMINGTON WELLINGTON ST TRAM 59 TO CBD MT ALEXANDER COLLEGE 404 BUS MOONEE PONDS TO FOOTSCRAY TRAM 57 TO CBD WOOLWORTHS + SPECIALTY SHOPS FLEMINGTON MEDICAL CENTRE DEBNEYS PARK DEBNEY MEADOW PRIMARY SCHOOL ROYAL PARK RACECOURSE RD NEWMARKET CITYLINK PHARMACY PRINCES HWY EPSOM RD KENSINGTON COMMUNITY HIGH SCHOOL STUBBS ST BOUNDARY RD KENSINGTON KENSINGTON PRIMARY SCHOOL KENSINGTON KENSINGTON RD MACAULAY RD JJ HOLLAND PARK CBD 3.9 KM 2

3 Contents Introduction Executive Summary Location Flemington Demographics Title Information Additional Information Contact

4 Introduction Development sites such as this city fringe, corner allotment measuring approximately 359m2 in a Commercial 1 zone are rarely offered. Presented with approved plans and permits for seven apartments and two retail spaces, developers will be suitably impressed. The three level proposal incorporates four two bedroom and three single bedroom apartments, spanning 51m2 to 97m2 in area plus balconies. Upper residential floors are complemented by 125m2 of ground level retail space promising substantial exposure. A privileged spot delivers city vistas and ensures Newmarket Plaza, Newmarket station and Racecourse Road cafes are within walking distance with Mt Alexander Road tram at your door. Otherwise, the site lends itself to alternative development (STCA) whilst also delivering an excellent interim income, currently leased to an automotive business and returning $52,000 per annum. 4

5 177A Mt Alexander Road, Flemington 5

6 Tree lined streets & city views 6

7 Executive Summary The Property 177A Mt Alexander Road, Flemington Description Prime development sites such as this city fringe, corner allotment measuring approximately 359m2 in a Commercial 1 zone. Presented with approved plans and permits for seven apartments and two retail spaces. Certificate of Title Site Area: 359m2 approx. Zoning 177A Mt Alexander Road, Flemington Commerical 1 Zone (CZ1) Method of Sale Expression of Interest closing 15th December 2017 at 4pm. Terms of Sale 10% Deposit on signing of the Contract of Sale Additional Information Additional Information including Contract of Sale and Vendor s Statements are available on request: Expression of Interest Form Vendor Statement Contract of Sale 7

8 Location Distance from CBD CBD 3.9km (proposed apartments facing South East north will have city views) Public Transport Newmarket Train Station 0.9km Flemington Bridge Train Station 1.0km Ascot Vale Train Station 1.3km Mt Alexander Rd Tram (59) 0.02km Education Mount Alexander College 0.02km Travancore School 0.1km Flemington Priomary School 0.2km St Brendans Priomary School 0.3km Debney Meadow Primary School 0.5km Melbourne University 4.2km Leisure Debneys Park 0.6km Moonee Ponds Creek 0.5km Flemington Racecourse 1.4km Showgrounds 1.4km State Hockey and Netabll Centre 1.6km Melbourne Zoo 1.6km Ormond Park 1.9km Moonee Valley Racecourse 2.9km Walter Reserve 2.5km Riveside Gold and Tennis Center 3.2km Royal Park Golf Course 3.8km 8

9 Location Shopping IGA Travancore 0.65km Woolworths 1.4km Newmarket Village 1.4km Coles Supermarket 1.9km Showgrounds Village 1.9km Queen Victoria Markets 3.9km Barkly Square 4.3km Highpoint Shopping Center 5.6km Hospitals Royal Childrens Hospital 1.7km Royal Melbourne Hospital - Royal Park Campus 2.7km Royal Melbourne Hospital 3.4km Airport Tullamarine Airport 19.7km Essendon Airport 11.5km Major Traffic Arterials Citylink (Toll Road) In Bound 1.4km Citylink (Toll Road) Out Bound 2.0km 9

10 177A Mt Alexander Road, Flemington 10

11 Flemington Demographics Independent Youth Maturing & Established Independence Established Couples & Families 34.8% 21.9% 8.5% % % % % High Schools Independent Youth Mount Lorem Alexander ipsum dolor College sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam Primary Schools Maturing & Established Independence Flemington Priomary, St Brendans Priomary, Debney Meadow Primary Maturing Couples & Families Established Couples & Fami % Older Couples & Families Racecourse Older Road Independence The main strip with Irish pubs, African cafes and the Newmarket Plaza shopping Elderly Singles centre with a major supermarket. Elderly Couples Young Families Royal Park Royal Park is the largest of Melbourne s parks, covering 170 hectares, Elderly Families stretches of open grass alternate with areas of lightly timbered eucalypt forest, home to possums and a huge variety of birdlife, including rosellas, wrens, robins and birds of prey. 11

12 Title Information 177A Mt Alexander Road, Flemington

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18 Additional Information The Vendor statements and Contracts of Sale are available on request. For any further information contact David Thiessen Conclusion This is an outstanding opportunity to secure a prime development site in one of Melbourne s largest inner-city growth areas. KEY ATTRIBUTES of this suburb development site include: Corner allotment Commercial 1 zone Measuring approximately 359m2 Proposed development of four two bedroom and three single bedroom apartments (51m2 to 97m2) Two retail spaces spanning 125m2 with substantial ground level exposure In close proximity to schools Walking distance to Newmarket Plaza/station, Racecourse Road cafes Currently leased to an automotive business, returning $52,000 pa Alternative developments are subject to council approval Truly a once in a lifetime development opportunity 18

19 Contact David Thiessen Licensed Estate Agent Tony Downward Licensed Estate Agent