50 Alfred Street,
North Melbourne, VIC 3051

Capitalize on North Melbourne’s Urban Transformation. This is a premier opportunity to acquire a high-yield asset with significant vertical potential in one of Melbourne’s most sought-after Mixed-Use zones. Spanning 267m² with an existing 1930s clinker brick residence and rear studio, the site is perfectly positioned to leverage the surrounding high-rise renewals and major infrastructure upgrades.

Key Investment Features:
• Zoning: Mixed-Use Zone (MUZ) supporting residential, commercial, or retail integration.
• Development Scope: Significant height potential of 8–10 levels (STCA), mirroring nearby projects like the Blue Hotham and North Lane Apartments.
• Holding Income: Immediate cash flow of $25,812 per annum ($2,151pcm) to offset holding costs.
• Logistics: Potential for off-street parking with easy access to trams, trains, and major arterials.

Strategic Precinct:
The property sits adjacent to massive state and private investment, including the 33 Alfred Street social and market housing project and the amenity-rich Arden-Macaulay renewal area. With the CBD on your doorstep and world-class medical and university precincts nearby, this is a "Blue Chip" development play.

Strategic MUZ assets of this calibre and height potential (STCA) are increasingly rare in this precinct. Act now to beat the next wave of urban renewal. Contracts now available. Act fast!