Gross Waddell ICR and Stonebridge Property Group are pleased to present for sale 25-29 Keilor Road, Essendon – a substantial 4,010 sqm* Commercial 1 Zone landholding, positioned near the intersection of Keilor Road and Mount Alexander Road.

A strategic landholding in the heart of North Essendon Activity Centre, an area earmarked for higher density development outcomes as outlined in Victoria’s Housing Statement.

The key highlights of the opportunity include:

- High-profile 4,010 sqm* Commercial 1 Zone landholding

- Expansive dual frontage totalling 110 m* to Keilor Road and Queen Street

- Within the Draft North Essendon Activity Centre Plan, outlined as a major development precinct in Victoria’s Housing Statement, proposes discretionary building heights of 27 metres (8-storeys) at the site, offering the opportunity for a precinct defining high-density development outcome (STCA).

- Current improvements include a 2,129 sqm* GFA supermarket and 64 associated car spaces.

- Excellent public transport links, including trams along Keilor Road and Mount Alexander Road, and Glenbervie Train Station just 1.1 km* away, providing direct access to Melbourne CBD.

- Surrounded by lifestyle amenities such as Woodlands Park (200 m*), LT Thompson Reserve (200 m*) and Lincoln Park (350 m*) offering strong lifestyle appeal.

- Thriving retail precincts nearby, including shops along Keilor Road and Mount Alexander Road, as well as major shopping destinations like DFO Essendon (1.2 km*) and Moonee Ponds Central (2.6 km*).

- Premium Essendon location 3 km* to renowned education institutions like Penleigh Essendon Grammar, with Strathmore Primary School just 1.2 km* away.

- Strong local property market with Essendon’s median house price of $1,900,000^, indicating robust demand for new apartment developments.

- Tight housing supply in Essendon due to rapid population growth (44.7% projected by 2046^^) and limited new dwelling approvals, fostering price growth and increasing demand for residential developments.

25-29 Keilor Road, Essendon is offered for sale via Expressions of Interest closing Thursday 14th November 2:00pm (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

Gross Waddell ICR:
Andrew Greenway 0409 547 626
Danny Clark 0448 066 889
Alex Ham 0410 545 226

Stonebridge Property Group:
Julian White 0422 764 137
Andrew Milligan 0421 559 992
Chao Zhang 0411 625 068

*Approximately

^ REIV (2024)

^^Forecast.id (2024)

 For further information, or an inspection of the premises, please contact an agent.