88 Stubbs StreetKensington VIC 3031
Property Details for 88 Stubbs St, Kensington
Last Listing description (November 2018)
Unique city changing opportunity
3,986 sqm (approx) of Mixed Use Land
Significant development potential of 15,000 sqm (approx) NSA (STCA)
Phenomenal position, outstanding view lines
Beller Commercial is pleased to offer one of Melbourne s most significant redevelopment opportunities, 88 Stubbs Street, Kensington.
Located in the dramatic, changing suburb of Kensington and within the Arden-Macaulay Structure plan that was rezoned in late 2017. This unique city-shaping opportunity will revitalise the industrial areas of Kensington and North Melbourne, creating an exciting new commercial area and vibrant residential neighbourhood.
The property offers an extraordinary opportunity to redevelop a substantial site of approximately 4000 sqm (approx) within this precinct. The property is virtually an island site and its physical location allows for uninterrupted views of Melbourne s CBD (4km) and Docklands and, is within easy access across Melbourne via numerous public transport options including, the new Metro Tunnel Project now under construction.
This zoning change and infrastructure spend coupled with Kensington s past as a livestock industrial area has prompted many to call this Melbourne s Meatpacker District, with a future as bright and distinguished as its New York namesake.
88 Stubbs Street, Kensington offers you an exceptional opportunity to own and transform a significant piece of prime Melbourne real estate.
Property History for 88 Stubbs St, Kensington, VIC 3031
- 01 May 2018Listed for Sale Not Disclosed
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0About Kensington 3031
The size of Kensington is approximately 2.1 square kilometres. There are 19 parks, covering nearly 13.6% of the total area. The population of Kensington in 2016 was 10812 people. By 2021 the population was 10745 showing a population decline of 0.6% 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 2021, 48.70% of the homes in Kensington were owner-occupied compared with 45.30% in 2016.
Kensington has 7,736 properties. Over the last 5 years, Houses in Kensington have seen a -13.78% decrease in median value, while Units have seen a -6.10% decrease. As at 31 July 2026:
- The median value for Houses in Kensington is $1,099,858 while the median value for Units is $556,240.
- Houses have a median rent of $740 while Units have a median rent of $600.
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