203-211 Keilor Road

Essendon VIC 3040

Existing buildings on the property comprise 2,960m of built area and suit multiple potential outcomes;

Favourably zoned Commercial 1 Zone (C1Z), the property is primed for repositioning and redevelopment;

Offered with substantial rental profile of $325,000 plus GST net and enormous scope for uplift through reversion and repositioning

Three high-exposure frontages total 216m, providing potential for sweeping views, protected light corridors and premium access;

Central location and extensive accessibility suits large format and specialty retail, destination hospitality, medical and aged-care providers, accommodation and alternative mixed uses;

Permits in place for a stunning Peddle Thorpe designed 7-storey building. Currently configured for residential, the permitted envelope also suits commercial office, serviced accommodation, medical and aged care;

The Location
203-211 Keilor Road, Essendon is located 9.5km north west of the Melbourne CBD. The established residential location is moments from north Essendon Village;

Essendon supports a median house price of $1,410,000 and a medium unit price of $520,000 (Feb 2020)*;

The triple fronted site is walking distance to leafy parklands, sporting clubs, primary and secondary schools;

Located 1km from the M1 Freeway, 1km from Essendon DFO, 1.75km from Essendon Fields and 8km from the Tullamarine Airport, the property benefits from immediate access to the high-growth inner-north whilst maintaining the access and convenience of an inner-city location;

Capitalise on the inner-north's best site, the ultimate triple fronted land holding.

*data sourced from realestate.com 5/2/20

To arrange an inspection or to request access to the documentation and data-room please contact Colliers International

MATTHEW STAGG | matthew.stagg@colliers.com | 0409 411 300

DAVID WALKER | dave.walker@colliers.com | 0439 889 048

ALEX BROWNE | alex.browne@colliers.com | 0418 350 545

JOZEF DICKINSON | jozef.dickinson@colliers.com | 0402 678 888