An outstanding city-fringe development opportunity in Footscray has recently been made available to the market. Many keen speculators are jostling for position, as this well-equipped site offers the potential to ride the growth Melbourne’s west is currently experiencing.
4 Cross Street in Footscray comes with significant approved permits for 17 townhouses, each with an individual street frontage. Allard Shelton’s Martin Huong, James Gregson, Michael Ryan and George Zint have been appointed to sell the property through an expression of interest campaign that will close on Thursday 2 August at 2pm, unless sold prior.
A location with strong buyer demand
Once a working-class stronghold, Footscray has been undergoing a transformation over the past decade, with property values increasing alongside demand. Urban renewal plans, relocation of industry and its proximity to the CBD have all contributed; astute investors are aware and looking to become involved.
The address of this development site offers easy access to all of Footscray’s enjoyable amenities. Shops and a plethora of multicultural dining options lie only a short walking distance away, as is the case for Victorian University too. Positioned adjacent to Whitten Oval allows residents the thrill of watching women’s AFL and local football competitions in a thriving, local community atmosphere.
Local public transport options also afford residents a quick 5-minute journey into Melbourne’s CBD.
“Footscray has enjoyed significant growth and gentrification through the last 10 years and it isn’t hard to understand why. Large, well-priced parcels of land, in close proximity to the city with a vibrant community feel; it is truly unlike anywhere else in Melbourne,” Allard Shelton agent, Michael Ryan, notes.
“The rich cultural mix of cafes and restaurants as transformed the once industrial neighbourhood into a destination dining experience that residents will appreciate having on their doorstep. This is a remarkable site that will benefit from an intelligent developer who keeps the end user front of mind.”
17 Architecturally Designed Townhouses
The development approved permits encompass 1,303sqm of this substantial western city-fringe land holding. Stunning designs by renowned firm NMA Architects present 17 spacious townhouses, each with secure parking. The lengthy site delivers a massive combined 3-street frontage of 110m, which each individual townhouse will have direct access to.
This truly is a remarkable opportunity where thanks to the designs and permit approvals, much of the strenuous initial work has already been taken care of.
Cross St Footscray Summary
- Permits approved for 17 stunning townhouses.
- 1,303sqm site with combined 3-street frontage of 110m.
- Spacious designs by renowned firm NMA Architects.
- Adjacent to Whitten Oval, public transport, Victoria University and nearby shops.
- Thriving inner city location with strong buyer demand for townhouses
- For sale via expression of interest, closing Thursday 2 August at 2pm, (unless sold prior).
*Please note that all financials, measurements or distances quoted above are approximate only.
For further information please contact the Allard Shelton team and mention Development Ready in your interactions.
Martin Huong +61 416 161 166
James Gregson +61 421 516 480
Michael Ryan +61 433 180 199
George Zint +61 450 756 727