177a Mt Alexander Road,
Flemington, VIC 3031

Warehouse, Factory & Industrial

Key property information

Land area

Floor area

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Map of 177a Mt Alexander Road

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Rare City Fringe Development

Prime development sites such as this city fringe, corner allotment measuring approximately 359m2 in a Commercial 1 zone are rarely offered. Presented with approved plans and permits for seven apartments and two retail spaces, developers will be suitably impressed. The three-level proposal incorporates commercial office space measuring a total area of approx. 524m2 plus amenities and terrace, complemented by 127m2 of ground level retail space promising substantial exposure. A privleged spot delivers city vistas and ensures Newmarket Plaza, Newmarket station and Racecourse Road cafes are within walking distance with Mt Alexander Road tram at your door. Positioned in a high exposed corner, the site lends itself to alternative development (STCA) whilst also delivering an excellent interim income, currently leased to an automotive business and returning $52,000 per annum.

In Conjunction with Alexkarbon Real Estate - Charles Bongiovanni 0414 339 644

Flemington, 3031 demographic data

The median household income for Flemington is $1,525, 20% lower than Greater Melbourne's household income of $1,901. Flemington has a younger age profile compared to the rest of Greater Melbourne (median age 34 vs 37). Property ownership data shows 58% of property owners in Flemington have a mortgage.

7,025

Population

$1,525 per week

Median household income

34 years

Median age

Renters

Most residents

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Most households

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