An exceptional opportunity awaits with this substantial landholding in one of Melbourne’s most dynamic and rapidly evolving inner-west suburbs. Situated on a generous 1,310 m² allotment, this property offers immense potential for redevelopment (STCA) in a location that is experiencing significant growth and transformation.

• Land Size: Approximately 1,310 m²

• Zoning: General Residential Zone (GRZ1), allowing for medium-density residential development (STCA)

• Frontage: Prominent exposure along Barkly Street, a key arterial road in Footscray

• Existing Improvements: The site currently hosts residential dwellings, providing holding income potential during the planning phase

• Development Potential: Previous plans have considered a low-rise apartment development comprising 14 residences over three levels, indicating the site’s suitability for similar projects

• Strong Demand: Footscray’s growing population and gentrification are driving demand for quality residential developments

• Capital Growth: The suburb has experienced consistent capital growth, with median house prices reflecting the area’s desirability

• Rental Yield: High rental demand due to proximity to the CBD and educational institutions

• Walking distance to Footscray’s vibrant shopping precincts, cafes, restaurants, and markets

• Excellent access to public transport, including Footscray Train Station, and major road networks

• Close to Victoria University and several reputable schools

• Nearby parks, sporting facilities, and the Maribyrnong River trail