Developer's Dream, Buy One or Both

Developer’s Dream, Buy One or Both

242-246 & 248, Ballarat Road & 3 Maddock Street, FOOTSCRAY, VIC, 3011

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4696.00 m2

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Overview

Two inner-west sites offered together or separately.

GrayJohnson is excited to offer for sale by expressions of interest these two large sites enjoying a prime position in rapidly evolving Footscray. With a total area of more than 4,696 sqm, these properties provide a range of development opportunities in an unmatched location opposite the suburb’s medical precinct. An investment in either or both is a chance to capitalise on Footscray’s rapid gentrification and burgeoning young population.

As one of the Victorian Government’s Priority Precincts, Footscray is undergoing a transformation. Recognised as the gateway to the west, the suburb is shifting from industrial powerhouse to a health and education focus. Major players like Western Health and Victoria University are driving jobs, investment and social connections in the precinct. Footscray has recently seen many new residential developments and properties along Ballarat Road present strong investment and redevelopment potential.

Lot 1 – 248 Ballarat Road
This huge land parcel offers sensational development potential over three titles. The favourable Mixed Use zoning provides for a wide range of options including high density residential, commercial or community uses.
• Total land area 3,310 sqm*
• Main road frontage of 40m*
• Three older-style industrial buildings

Lot 2 – 242-246 Ballarat Road & 3 Maddock Street Footscray
This prime corner site over multiple titles is mostly vacant land, except for a small, older-style red brick 3-bedroom home. The General Residential zoning favours development as low density residential, healthcare/childcare or a community facility.
• Total land area: 1386 sqm*
• Ballarat Road frontage 31m*
• Maddock Street frontage 51m*

Location
• Prime opportunity in rapidly gentrifying inner suburb
• Exceptional exposure to one of Melbourne’s key arterial roads.
• Bustling commercial hub with mix of retail, commercial and mixed-use developments
• Directly opposite medical precinct – including Footscray Hospital, Western Private Hospital, and various specialist consulting suites.
• Close to Victoria University campuses
• Short walk from tram routes 58 and 82
• Easy access to CBD, just 6 km* via Ballarat Road.

*approx.

Key Details

Status

For Sale

Type

Development Site

Contact

Brett Simpson

Director (kew)

brett@grayjohnson.com.au

0402 427 392

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