86-96 Stubbs StreetKensington VIC 3031
Property Details for 86-96 Stubbs St, Kensington
Last Listing description (January 2013)
Be Part of Kensington's Future - Major Residential Development Opportunity (STCA)
FUTURE MIXED USE ZONE ONLY 5 KM'S FROM THE CBD
Opportunities with this much potential are rare indeed. 86 Stubbs Street is a 3,986sqm island site with four street frontages and located only 5 kilometres from the Melbourne CBD. The property consists of two main buildings totalling 2,461sqm (approx) plus car park / hardstand leased by well known national company Flexible Drive Agencies until 2014 returning $202,154 per annum.
The property is currently zoned Industrial 1, but is included within the Arden Macaulay Structure Plan 2011, which will change the zoning to Mixed Use Zone, meaning potential redevelopment of the site to residential / commercial use (STCA).
SURROUNDED BY AMENITY AND ROAD NETWORKS
The property is conveniently situated in between Macaulay and Racecourse Roads, very close to the trendy Kensington retail and restaurant/cafe strips along both of these roads. Kensington Railway Station, buses and trams are only a few minutes walk away and so is Flemington Racecourse. The great location also provides close and easy access to the Tullamarine and Eastern Freeways and Citylink.
PROPERTY FEATURES
- Island site with land area of 3,986sqm
- Four street frontages
- Currently zoned Industrial 1 with future plans to rezone to Mixed Use Zone as part of the Kensington Macaulay Structure Plan
2011
- Fantastic potential to redevelop to a residential or mixed commercial/residential development
- Two main buildings totalling 2,461sqm (approx)
- Leased to Flexible Drive Agencies until 2014
- Net rental: $202,154 per annum
- Multiple roller doors and dual street loading
- Ample on-site parking
- Close to public transport, shopping, eateries, Tullamarine Freeway and Citylink
Property History for 86-96 Stubbs St, Kensington, VIC 3031
- 24 Aug 2018Sold for $17,100,000
- 19 Jul 2012Listed for Sale Not Disclosed
- 29 Jun 2009Sold for $2,420,000
Local Area Liveability Score
This Liveability Score is a rating "out of 10" and a guide to how well connected properties within a local area are to facilities such as public transport, healthcare services, shopping outlets, schools and parkland. The scores apply to the local area (or "mesh block") in which a property is located. The scores are largely comprised of 2 main elements:
- Walking time to a local facility
- Number of facilities within a 20-minute walk
The overall Liveability Score is made up of smaller sub-scores, as described below.
About Kensington 3031
The size of Kensington is approximately 2.1 square kilometres. It has 19 parks covering nearly 13.6% of total area. The population of Kensington in 2011 was 9,718 people. By 2016 the population was 10,833 showing a population growth of 11.5% in the area during that time. The predominant age group in Kensington is 30-39 years. Households in Kensington are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kensington work in a professional occupation. In 2011, 47.6% of the homes in Kensington were owner-occupied compared with 45.3% in 2016.
Kensington has 6,598 properties.
What's around 86-96 Stubbs St, Kensington
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