423 Albert Street, Brunswick, VIC 3056 sold on 07 February 2025 | OnTheHouse
 
SOLD
Sold on 07 Feb 2025 for $3,100,000

423 Albert Street
Brunswick VIC 3056

Bedrooms: -
Bathrooms: -
Car spaces: 5
Land area: 652m2
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Property Details for 423 Albert St, Brunswick

Building Type
Commercial
Land Size
652m2
Local Government
Merri-Bek
Lot/Plan
2/LP56807

Last Listing description (May 2021)

EXPRESSION OF INTEREST NOW CLOSED, OFFERS UNDER REVIEW.
Cushman & Wakefield is pleased to offer this superb development site at 423 Albert Street, Brunswick.

This property presents the opportunity to acquire an outstanding development site within bustling and popular Brunswick surrounded by parkland in a highly desirable and sought after regeneration precinct.

The key attributes of this property include:
Rectangular site with a frontage of 22.8m to Albert Street adjacent Gilpin Park
5.4km north of the Melbourne CBD
Flexible Mixed Use Zone with favourable 8 level discretionary height control
Existing Open span warehouse and office facilities
Flexible settlement terms available
Surrounded by 20ha of passive and active open space located opposite Gilpin Park & adjoining Clifton Park
Stunning views across adjacent parkland
Walking distance to Brunswick Train station, RMIT Brunswick, Brunswick Private Hospital & an abundance of lively bars, restaurants and cafes on Sydney Road
Large % of young professionals (51%) residing in Brunswick suited to apartment living
One of the last remaining development opportunities to invest in the Albert Street precinct and join industry heavy weights Mirvac & Stockland

For sale by expression of interest closing Thursday 13th May at 1pm (AEST)

For further information please contact Cushman & Wakefield, the exclusive selling agent:
Lukas Byrns | +61 423 791 126 | lukas.byrns@cushwake.com
Marcus Neill | +61 452 405 782 | marcus.neill@cushwake.com

*All figures and outlines are approximate

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Property History for 423 Albert St, Brunswick, VIC 3056

A timeline of how this property has performed in the market
Last Sold
$3,100,000
07 Feb 2025
  • 07 Feb 2025
    Sold for $3,100,000
  • 15 Apr 2021
    Listed for Sale Contact Agent
  • 25 Oct 2012
    Sold for $902,000
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About Brunswick 3056

The size of Brunswick is approximately 5.0 square kilometres. It has 22 parks covering nearly 5.2% of total area. The population of Brunswick in 2016 was 24473 people. By 2021 the population was 24896 showing a population growth of 1.7% in the area during that time. The predominant age group in Brunswick is 30-39 years. Households in Brunswick are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Brunswick work in a professional occupation.In 2021, 49.90% of the homes in Brunswick were owner-occupied compared with 46.40% in 2016.

Brunswick has 17,964 properties. Over the last 5 years, Houses in Brunswick have seen a 20.39% increase in median value, while Units have seen a 4.61% increase. As at 30 November 2025:

  • The median value for Houses in Brunswick is $1,365,138 while the median value for Units is $623,453.
  • Houses have a median rent of $700 while Units have a median rent of $570.
There are currently 52 properties listed for sale, and 32 properties listed for rent in Brunswick on OnTheHouse. According to Cotality's data, 801 properties were sold in the past 12 months in Brunswick.

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