Why Buy?

FUTURE-PROOF LOCATION

Future-proof location set to significantly benefit from the Arden Metro Train Station (estimated completion 2025), the North Melbourne Train Station, the surrounding University and Biomedical Precincts and the Queen Victoria Market.

High Quality Improvements

High quality two-storey North Melbourne commercial building of 255 sqm* gross area, perfect for an owner occupier’s new headquarters, or a new addition to an investor’s portfolio.

CAR PARKING & REAR ACCESS

Favourable on-site and secure car parking for up to two (2) vehicles, made accessible via a roller door off Little Provost Street.

Versatile Site

Exceptional 170 sqm* land parcel with valuable dual street frontage to Queensberry Street and Little Provost Street. The design and development overlays allow for a building height of up to 10.5 metres.

Prospective Zoning

Prospective Mixed-Use Zoning providing excellent future development, rooftop activation or NLA expansion potential (STCA).

Outstanding Accessibility

Well serviced by public transport networks including the Queensberry Street trams, Victoria Street trams, North Melbourne train station, the new Arden & Parkville train stations (estimated completion 2025), part of the new Melbourne Metro Tunnel project.

*approx.

The property is strategically positioned 500m* north of Melbourne’s CBD, and 1.6km* east of North Melbourne Train Station. It is encompassed by extensive inner-city infrastructure that supports the thriving North Melbourne Growth precinct. North Melbourne boasts renowned parklands, buildings, and institutions, with a dynamic character that demonstrates a balanced cohesion of inner-city living in a CBD location.

The property is conveniently located close to existing public transport options such as tram routes 57 & 58, North Melbourne, and Flagstaff Train Stations. Furthermore, it is only a short walk away from the new Metro Tunnel Project, Victoria’s largest infrastructure project, with a total cost of $11b. The project, currently under construction, is slated for delivery by 2025.

The new Arden Train Station will establish a link to the University and Biomedical Precincts, strengthening North Melbourne’s position as a future-proof location with a crosstown connection. North Melbourne is poised to benefit significantly from the Arden Urban Renewal Project, which will accommodate an additional 15,000 residents and create an additional 34,000 jobs for the precinct by 2025.

See more at: https://vpa.vic.gov.au/project/arden/