3-5 Shiel Street,
North Melbourne, VIC 3051

Development Sites & Land

Key property information

Land area

Tenure type

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Map of 3-5 Shiel Street

Directions

Classic Lifestyle Location – PERMIT APPROVED

Permit for 65 expansive residences
Potential for 86 apartments (STCA)
Amazing lifestyle amenity

• Enjoy the very best Melbourne has to offer with this superbly located, permit ready, boutique development opportunity

• The approved project features 65 expansive residences including 5 genuine terrace homes with their own street frontage and secure parking for 54 cars

• Significant upside with a further development scheme for 86 apartments (STCA)

• The property comprises a significant land holding of 1,311* sqm

• Moments to Melbourne University, RMIT Village, the Royal Melbourne Hospital, Royal Children’s Hospital, Royal Park, Melbourne Zoo and Queen Victoria Market

• A huge array of Melbourne’s most sought after cafes, restaurants and gentrified pubs scattered throughout North Melbourne

For further information, please do not hesitate to contact Knight Frank directly.

*approx.

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