302-3085 Arden Street, North Melbourne - Information Memorandum
302-308 ARDEN STREET, CORNER LANGFORD STREET, NORTH MELBOURNE
302-308 ARDEN STREET, CORNER LANGFORD STREET, NORTH MELBOURNE
• 2,288 sqm* corner standalone site .
• 1,235 sqm* total building area.
• Special use zoning - Schedule 7.
• Standalone single-level building.
• State-of-the-art laboratory.
• Multi-million dollar fit-out.
• Dual-street access.
• Over 80 m* of frontage.
• Government-backed development future.
• 1.5 km* to the CBD.
• 500 m* from the new Arden railway station.
• 1 km* from the Citylink entry.
• 400 m* to Arden Gardens Shopping Centre.
A paramount property by location, development potential, and current form — this magnificent corner block build is the premiere winner of North Melbourne with a fit-out that looks (and operates) like a multi-million bucks.
Luca Angelico 0447 772 782
luca.angelico@cva.melbourne
Craig McKellar 0431 892 780
craig.mckellar@cva.melbourne
Ian Angelico 0418 336 088
ian.angelico@cva.melbourne
“FOR INVESTORS, SECURING THE CORNER PIECE OF THIS SPECIAL USE ZONE WILL LEAD TO AN UNDENIABLY LUCRATIVE DEVELOPMENT OPPORTUNITY — JUST LOOK TO PAGE 9 FOR INSPIRATION.”
With an interest in commerce and experience in construction management, Luca has both the creativity and practical problem-solving skills needed to cut it in this industry. Enthusiastic. Committed. Diligent. Having joined CVA in 2017, it was 2020 that saw him become a Sales and Leasing Executive. A role in which Luca is able to showcase his enthusiastic side, fixated on even the smallest of details which makes all the difference in helping both developers and investors alike. It’s all of this that will keep you interested in working with him, well beyond the point at which your transaction concludes.
“NORTH MELBOURNE HAS BEEN EARMARKED FOR RAPID GROWTH, SUPPORTED BY EYE-WATERING SUMS OF INVESTMENT FOR TRANSPORT AND URBAN RENEWAL. BUY INTO THE POSTCODES THAT ARE GETTING A LEG UP, AND YOUR BUSINESS — OR PORTFOLIO — WILL TOO.”
Craig has been transacting commercial real estate in Melbourne’s north for more than a decade. And in that time, he’s marvelled at how the properties within this point of the city have adapted to the burgeoning urban landscape. It’s a transformation he has witnessed not just as a real estate agent but a property consultant, too. He’s equipped with the resources to think beyond today and forecast market trends, investor profitability and even Melbourne’s weather — yes, you should always pack a jumper.
“THE BUILDING ITSELF IS ALREADY A STANDOUT. FROM THE MULTI-MILLION DOLLAR FIT-OUT TO THE STATE-OF-THE-ART LABORATORY, THE BREADTH OF BUYER APPEAL IS SO GRAND THAT YOU’LL BE COMPETING WITH INDUSTRY TITANS OF ALL KINDS.”
In more than 30 years, Ian has witnessed the successful signing of more than two thousand commercial real estate transactions. By adopting a methodical approach amongst a myriad of changing variables, Ian’s experience is sharpened through his holistic exposure to commercial projects across all points of Melbourne. By focusing on maximising each property’s profitability, Ian ensures that at the end of the day, it’s maximising value that determines his success.
PROPERTY DETAILS
THE BUILDING
A protean exemplar of how dynamic a commercial opportunity can be, from every point you look at it — especially the corners.
This significant 2,288 sqm* site is the ultimate multi-level development or a strategic occupier’s dream. This 1,235sqm* building offers an extraordinary blend of cutting-edge office space with a state-of-the-art laboratory, the building boasts a multi-million dollar fitout and is equipped with advanced ventilation, gas, electrical and water systems together with shower facilities and refrigerated cool / freezer rooms - all tailored to support high end research / tech operations.
Access and frontage are straightforward advantages here, with the corner block affording dual-street access from both Langford Street and Arden, and 22 dedicated parking spaces secured behind gated fencing. Upon entry, you’re greeted by a professional reception area, which leads to well-appointed client meeting rooms and executive offices.
The flexible floorplan combines both open-plan and partitioned workspaces, ideal for a sizeable workforce, complemented by a fully equipped kitchen/breakroom and modern staff amenities.
THE LAND
A high-profile address meets a high-visibility profile, with over 35 m* of frontage to busy Arden Street and over 45 m* to Langford Street. This combined 80+ m* will showcase your logo, hoarding, or name on a billboard to potentially 20,000 daily commuters.
Set back just enough to soak up the daily commute traffic, this property sits in the sweet spot for exposure and functionality. Thanks to the Special Use Schedule 7 zoning, the development opportunity here is palpable. Take inspiration from the numerous (and growing) cohort of investors, developers, and builders who are proposing 50+ storey mixed-use builds or are on track to completing them soon.
Outgoings
Site Measurements
Title Particulars
Council Rates $33,842.48
Frontage to Arden Street – 36m*
Frontage to Langford Street – 45m*
Certificate of Title – Volume 11189 Folio 894
Lot PC on Plan of Subdivision 366326
Zoning Special Use Zone - Schedule 7
Planning Overlays
Buffer Area Overlay (BAO1)
Development Contributions Plan Overlay (DCP03)
Design and Development Overlay (DD080)
Environment Audit Overlay (EA0)
Land Subject to Inundation Overlay (LSI01)
Parking Overlay (P015)
Municipality
City of Melbourne
SUSTAINABILITY
North Melbourne is all about future-proofing with cutting-edge design, green spaces, and sustainable transport solutions. And as Melbourne continues to grow, demand for commercial and mixed-use spaces in inner-city suburbs like North Melbourne is only going to rise.
STRONG RENTAL YIELDS
With its proximity to hospitals, universities, and key infrastructure, North Melbourne remains a solid bet for high rental demand and long-term returns. This is bolstered by strategic major transport links, including tram and train lines, plus direct access to major roads, make North Melbourne an easy hub for staff, clients, and logistics.
All signs point to: Arden
A bright, burgeoning, and boldly original suburb that’s within walking distance of the CBD and beloved local shopping centres — and we haven’t even touched the footy.
PROXIMITY
It’s your shortcut to Melbourne’s business pulse, but also the shopping centres and local attractions that have made North Melbourne a revered postcode. Newmarket is 1.9 km* away, the North Melbourne Football Club is just 300 m* down the road, and Citylink is in view — with its access point only a kilometre away.
URBAN TRANSFORMATION
With Arden’s redevelopment on the horizon, this area is fast becoming a major urban precinct — think housing, retail, entertainment, and top-tier medical services. If you’re not in now, you might be priced out later.
THE NEW ARDEN STATION
It’s set to boost connectivity, slashing commute times into the CBD by up to 10 minutes and handling thousands of daily passengers once fully operational. With direct links to major hubs like Melbourne University and the Royal Melbourne Hospital, it’ll take the pressure off surrounding roads and reduce traffic congestion by encouraging public transport over cars. Expect a ripple effect on local business and property values, as the station becomes a vital node in a rapidly developing precinct that’s already generating $9 billion in investment.
AND THE POINT?
With a recreational pull from the football club, future-proofed transport links from all angles, and a local community thriving from a diverse ecosystem of residential and commercial pursuits — Arden is so much more than a CBD fringe hotspot.
DEVELOPMENTS ON THE RADAR
346-350 Macauley Road, Kensington
483 premium apartments are set to be completed by 2025, this development is designed for boutique long-term renters.
352-400 Macauley Road, by Greystar
447 contemporary apartments with smart design, top-notch amenities, and completion slated for 2025.
North Melbourne’s rapid commercial glow-up is powered by a trifecta of game-changing infrastructure, surging investment, and shifting tenant preferences.
The $9 billion investment into Arden is (literally) a groundbreaking transformation from a gritty industrial zone to a vibrant urban precinct. Expect a slick blend of housing, retail, entertainment, and medical services — all with sustainability at its core. With new infrastructure like the Arden railway station and eco-friendly transport options, the Arden precinct has been earmarked by the government to help the state meet its ambitious housing goals by making room for 20,000 residents by 2051.
On that note, an application has been lodged for a towering 57-storey apartment block — 609 apartments, 6,772 sqm* of office space and 2,278 sqm* of retail space, all above a three-level basement. If approved, the building would also have 116 car parks and 738 bicycle spaces.
402 Macauley Road, Kensington
Assemble’s latest development is set to deliver 362 contemporary apartments, alongside a range of amenities including retail spaces, a supermarket, and co-working areas.
36 Macauley Road, Kensington
Hines is bringing their own take with their Essence Build-to-Rent project, featuring 209 modern apartments designed for long-term rental living, scheduled for completion in 2025.
Private Sale
A Private Sale is where the property is offered to the market at a single price, or within a price range. Prospective Purchasers are invited to submit offers to the Vendor through the selling agent.
This method of sale allows the Vendor to be flexible with the sale terms, making the purchase of the property a viable option for a wider range of potential Purchasers.
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302-308 ARDEN STREET, CORNER LANGFORD STREET, NORTH MELBOURNE
Disclaimer: This report has been compiled on the basis of information available. Though efforts have been made to verify or establish the accuracy of all material, it is not possible to warrant that it is accurate. Some predictions are estimates only and necessarily based on assumptions which may not occur. All parties should make their own independent enquires with regard to all the information contained in this report. The report is intended to be general information only and will not form part of any contract nor is it to be taken as any form of any representation, warranty or inducement. The agents and representatives do not accept any responsibility for and will not be liable in respect of any of the contents of this report.
