Colliers Melbourne City Sales are pleased to present this exceptional Capital City zone landholding on the doorstep of the University of Melbourne and the soon-to-be-completed Parkville Train Station. 140 & 142-146 Leicester Street, Carlton is offered for Immediate Private Sale.

The offering features a substantial Capital City Zoned land holding of 432sqm*, which is improved by two standalone two-storey commercial buildings, enhanced by a combined frontage of 40m* to Leicester Street and Leicester Place.

140 Leicester Street is improved by a vacant two-storey warehouse property, whilst 142-146 Leicester Street currently comprises a first-floor residence and a ground floor commercial offering leased to photography and digital art studio MSS Image. Current income is $52,662.35 per annum (excluding outgoings and GST), with the lease set to expire on 14 July 2024.

-432sqm* Carlton landholding
-Improved by two standalone buildings
-Short term income of $52,662.35pa until July 2024
-Favourable Capital City zoning affording high-density development outcomes (STCA)
-250m* from new Parkville Train Station (part of $11bn Metro Tunnel Project)
-World class education and medical offerings within close proximity
-Nearby public transport offerings including trams on Elizabeth & Swanston Streets

Located within close proximity to Melbourne University, 142-146 Leicester Street sits within one of the most rapidly evolving sections of Melbourne’s city fringe. Recent years have seen a surge in student accommodation development, residential development, and major infrastructure projects, with Parkville Train Station – part of the $11bn Metro tunnel Project – due to open in September 2024.

University Square, Lincoln Square, Argyle Square and World Heritage renowned Carlton Gardens are all within walking distance of the property. Surrounding lifestyle amenity and offerings include Queen Victoria Market, Lygon Street hospitality precinct, Melbourne Central and QV Melbourne.