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Cushman & Wakefield - Melbourne

403 Pakington Street Newtown, VIC 3220

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403 Pakington Street,
Newtown, VIC 3220

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Cushman & Wakefield - Melbourne
Oliver Hay
Joe Kairouz
Hamish Burgess
Leon Ma 马海翔

Cushman & Wakefield - Melbourne

Level 9, 385 Bourke Street
MELBOURNE, VIC 3000
Cushman & Wakefield - Melbourne
403 Pakington Street
Newtown, VIC 3220

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403 Pakington Street, Newtown - Development Site For Sale

  • Approved Major Mixed-Use Permit
  • Expansive 29,280sqm* Land Parcel
  • Unrepeatable Park and River Frontage
Approved Riverfront Development Site in Exclusive Newtown Location

Cushman & Wakefield are pleased to present ‘The Mill’ at 403 Pakington Street, Newtown (Geelong) for sale via International Expressions of Interest (EOI), closing Thursday 8 May at 2:00 PM (AEST).

Situated amongst a thriving and dynamic city, which has become a highly sought after destination for investment, The Mill presents a rare and exciting opportunity to transform a unique and historically rich site into a thriving urban village.

With an unrepeatable riverfront location at the prestigious Chilwell end of Pakington Street, combined with an approved mixed-use permit for a dynamic precinct style development, The Mill presents a unique opportunity within the residential and living sectors.

Key Property Features:

- Significant land area of 29,280sqm* set in a pristine river-front setting
- Unrepeatable offering with direct access to the Barwon River and surrounding parkland and scenic walking tracks
- Planning approval for a major precinct style mixed-use development by Jam Architects including 314 apartments, 29 townhouses plus major commercial, retail and childcare components
- Unmatched amenity of Pakington Street, Newtown, Geelong’s premier retail village
- Set at the prestigious Chilwell end of Pakington Street, offering an unmatched lifestyle opportunity.
- Surrounded by a vibrant café culture, and extensive dining hotspots
- Excellent transport links to Geelong CBD, Melbourne CBD, the iconic Surf Coast and the Great Ocean Road
- Identified as Victoria’s second largest city, Geelong is rapidly growing as a hub for health, manufacturing, research, creative, education and visitor economies
- Proximity to Geelong’s expanding healthcare industry including the new $20 million children’s emergency department in University Hospital Geelong and Barwon Women’s and Children’s hospital, with new purpose-built facilities

For further details, please contact Cushman & Wakefield:

Oliver Hay | +61 419 528 5...
Hamish Burgess | +61 421 641 4...
Joe Kairouz | +61 421 430 6...
Leon Ma 马海翔 | +61 417 070 7...

* Approximate

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Newtown, 3220 demographic data

The median household income for Newtown is $2,092, 51% higher than Regional Victoria's household income of $1,386. Newtown has a younger age profile compared to the rest of Regional Victoria (median age 40 vs 43). Property ownership data shows 45% of property owners in Newtown have a mortgage.

10,445
Population
$2,092 per week
Median household income
40 years
Median age
Owners
Most residents
Families
Most households