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199-217 Peel Street North Melbourne, VIC 3051

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199-217 Peel Street,
North Melbourne, VIC 3051

Development Sites & Land • Shops & Retail • Offices

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Map of 199-217 Peel Street

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The Perfect City Fringe Development Site

  • Prime inner city development site
  • Massive 42m* frontage to Peel Street
  • Suits high density development (STCA)
Savills and CVA are delighted to offer for sale by Expressions of Interest this incredible city fringe development site, located in North Melbourne’s exciting lifestyle precinct at 199-217 Peel Street, North Melbourne.

This superb site has an allowable development height of at least 24 metres* in a flexible Mixed Use zoning, a 2nd street frontage to McInerney lane providing easy access and is located only 400 metres* from the Melbourne CBD and surrounded by Melbourne & RMIT Universities, Queen Victoria Market and Melbourne’s major hospital precinct.

The key attributes of the property include;

- A High profile site of 762 sq m*
- Allowable development height of at least 24 metres*
- Massive Peel Street frontage of over 42 metres*
- Flexible Mixed Use Zoning
- Vacant and fully cleared site
- Ideal site shape maximising design efficiency of a development
- 2nd street frontage to McInerney Lane providing fantastic access
- Direct access to abundant public transport
- Exciting city fringe location only 400m* from the Melbourne CBD and in direct proximity to Queen Victoria Market, Melbourne University, RMIT, Flagstaff gardens and major hospital precinct including the brand new $1 billion cancer centre
- Future train station 350 metres* from property

The opportunity to secure a prime development site in such an outstanding location is very rare, especially when you consider the prime city fringe location, the extensive frontage to Peel Street and the enormous development potential. Accordingly we encourage prospective purchasers to actively consider this outstanding opportunity.

199-217 Peel Street, North Melbourne is For Sale by Expressions of Interest closing Wednesday 25 November at 2pm.

Savills agents:
Benson Zhou - 0458 488 8...
Julian Heatherich - 0412 995 6...

CVA Agents:
Anthony Carbone 0488 440 190

North Melbourne, 3051 demographic data

The median household income for North Melbourne is $1,717, 10% lower than Greater Melbourne's household income of $1,901. North Melbourne has a younger age profile compared to the rest of Greater Melbourne (median age 31 vs 37). Property ownership data shows 57% of property owners in North Melbourne have a mortgage.

14,953
Population
$1,717 per week
Median household income
31 years
Median age
Renters
Most residents
Families
Most households
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199-217 Peel Street
North Melbourne, VIC 3051

Detailed listing

Savills - Melbourne
Level 29, South Tower, 80 Collins Street
MELBOURNE, VIC 3000
CVA Property Consultants - Melbourne
18-20 Russell Street
MELBOURNE, VIC 3000

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