Two (titles) for one prodigious parcel, this Macaulay Road strip is an opportunity to reap the current tenancy rewards part occupy or bank on the future development upside.
• Mixed use zoning.
• Over 20 metre frontage.
• 712 sqm* total land with rear right of way (ROW).
• 3 Tenancies totaling 793 sqm*.
• Potential income $127,000 per annum with rental growth upside.
• 330 m* to Citylink.
• 180 m* from Kensington railway station & Neighborhood shopping precinct .
• 1.2 km* from the new Arden Precinct.
• 2.5 km* to Queen Victoria Market.
POTENTIAL DEVELOPMENT OPPORTUNITY
POTENTIAL DEVELOPMENT OPPORTUNITY
ian.angelico@cva.melbourne
IAN ANGELICO
0418 336 088
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.
leo.mancino@cva.melbourne
0418 343 147
It’s the expertise accumulated over three decades paired with a realistic outlook on life, that makes Leo not just a seasoned director to the CVA team, but a significant asset when it comes to dealing with yours. From personable first impressions to successful business transactions, he has not just built a solid and loyal client base but developed negotiation techniques that have earned him great respect in this city’s industry.
0418 327 676
Thanks to more than four decades of experience, Domenic is no stranger to commercial real estate. In fact, he’s likely had a hand in several transactions you missed out on. Incredibly thorough, genuinely human. Domenic relishes the opportunity that commercial delivers, particularly in making a difference in the community he operates — and it’s his pursuit of creating a lasting legacy for his clients’ future generations that has already solidified his own within the industry.
LEO MANCINO
DOM SGAMBELLONE
domenic.sgambellone@cva.melbourne
“Two titles, countless opportunities. Whether you’re looking to lock in reliable income with existing tenants or set your sights on the future, this isn’t just a prime piece of Macaulay Road — it’s a goldmine for the savvy investor that can get in first.”
— IAN ANGELICO
425-427 — leased Superior Tyres
The first cab off the rank is this 332 sqm* highly functional, running-likenew tyre workshop. Sitting on 356 sqm* of land, there’s drive through access direct from the street, with upfront signage to capture passing traffic.
431 — leased Thai Supsomboon
Anchored by an established and esteemed tenant, the restaurant and takeaway site here is 90 sqm* with nothing but proven commercial potential. There’s already a steady flow of neighbourhood patrons (and passersby who bookmark it to try later), offering a lowbrainer investment within a high-demand area.
429 — vacant possession
Perfectly positioned on this main thoroughfare, this 371 sqm* vacant space could be transformed into a retail venture, a hospitality offering, a home/ office, studio, showroom plus rear warehouse with roller door access. With onstreet parking aplenty and arterials surrounding the site, this is a strategic move for investors, business owners, or developers with an eye for growing pockets.
Site Measurements 10.1 x 35.4 = 356sqm*
Certificate of Title –Volume 01779 Folio
Title Particulars
Zoning
Planning Overlays
763 Lot 1 on Title Plan 848309B
Mixed use zoning
Municipality
Certificate of Title –Volume 03745 Folio 968 Lot 1 on Title Plan TP848282U 10.1 x 35.4 = 356sqm*
Design and Development Overlay-Schedule 63 (Area 3)
Environmental Audit Overlay Heritage Overlay (HO9)
City of Melbourne
TENANcy
425 - 427 Macaulay Road Superior Tyres Pty Ltd 332 sqm*
429 Macaulay Road* *projected Vacant Posession
371 sqm* & Terrace Area 34 sqm*
431 Macaulay Road Supsomboon Pty Ltd 90 sqm*
TOTAL
793 sqm*
01/07/2023 Four (4) Four (4) + Two (2) $40,503 $60,000
20/01/2025 Three (3) Nil $26,574 $127,078
ALL
SIGNS POINT TO: MACAULAY ROAD
AND THE POINT?
A destination neighbouring the likes of the Melbourne Zoo, Kensington train station, Citylink, and the crowded high street — this monumental parcel pairs immediate returns with bankable development capacity.
FRINGE BENEFITS
Just 5 km* northwest of the city centre, you’re close enough to benefit from the CBD’s economic engine, but far enough to provide more affordable entry points.
SPOILT FOR PT
With multiple tram lines and Kensington railway station just around the corner, this area ensures a steady stream of foot traffic and easy access for both customers and employees.
RESIDENTIAL APPEAL
Kensington has experienced a 5.8% growth in median house prices in the last 5 years. More people means more demand for retail, services, and commercial spaces.
URBAN RENEWAL PROJECTS
With ongoing gentrification, we’re seeing more developments. The nearby E-Gate development (worth over $1.3 billion) promises new mixed-use buildings and infrastructure upgrades, driving even more potential customers and business activity to the area.
FRIENDLY INVESTMENTS
Bike lanes and pedestrian-friendly zones have increased accessibility for those living, working, or commuting through the area. And with a walkability score of 85 (out of 100), Macaulay Road makes light work out of encouraging on-foot traffic.
AFFLUENT POSTCODE
Kensington’s median household income is 27% higher than the Melbourne average, which translates into stronger purchasing power and higher demand for premium goods and services. Plus, over the last decade, Kensington has outperformed many other inner-city suburbs in Melbourne, with commercial property prices increasing by 15%+ over the last 5 years alone.
A LOCAL CROWD
Unlike the overdeveloped suburbs closer to the CBD, Macaulay Road maintains a sense of exclusivity with its distinctive local character. It’s still on the rise, but hasn’t yet been completely saturated by large chains, encouraging a space for boutique businesses to thrive.
New Build to Rent - BTR Projects
346-350 MACAULAY ROAD, KENSINGTON
483 premium apartments are set to be completed by 2025, this development is designed for boutique long-term renters.
352-400 MACAULAY ROAD, BY GREYSTAR
447 contemporary apartments with smart design, top-notch amenities, and completion slated for 2025.
402 MACAULAY ROAD, KENSINGTON
Assemble’s latest development is set to deliver 362 contemporary apartments, alongside a range of amenities including retail spaces, a supermarket, and coworking areas.
36 MACAULAY 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.
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Copyright and disclaimer notice:
Plan
TP848309B
1
06/02/2025 12:07
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