University Precinct Freehold with Development Upside
140 & 142-146 Leicester Street, Carlton VIC 3053
Please contact agent
OfficeSize: n/a
Block size: 280 m² approx.
Colliers Melbourne City Sales are pleased to present this exceptional Capital City zone landholding on the doorstep of the University of Melbourne and the soon-to-be-completed Parkville Train Station. 140 & 142-146 Leicester Street, Carlton is offered for Immediate Private Sale.
The offering features a substantial Capital City Zoned land holding of 432sqm*, which is improved by two standalone two-storey commercial buildings, enhanced by a combined frontage of 40m* to Leicester Street and Leicester Place.
140 Leicester Street is improved by a vacant two-storey warehouse property, whilst 142-146 Leicester Street currently comprises a first-floor residence and a ground floor commercial offering leased to photography and digital art studio MSS Image. Current income is $52,662.35 per annum (excluding outgoings and GST), with the lease set to expire on 14 July 2024.
- 432sqm* Carlton landholding
- Improved by two standalone buildings
- Short term income of $52,662.35pa until July 2024
- Favourable Capital City zoning affording high-density development outcomes (STCA)
- 250m* from new Parkville Train Station (part of $11bn Metro Tunnel Project)
- World class education and medical offerings within close proximity
- Nearby public transport offerings including trams on Elizabeth & Swanston Streets
Located within close proximity to Melbourne University, 142-146 Leicester Street sits within one of the most rapidly evolving sections of Melbourne's city fringe. Recent years have seen a surge in student accommodation development, residential development, and major infrastructure projects, with Parkville Train Station part of the $11bn Metro tunnel Project due to open in September 2024.
University Square, Lincoln Square, Argyle Square and World Heritage renowned Carlton Gardens are all within walking distance of the property. Surrounding lifestyle amenity and offerings include Queen Victoria Market, Lygon Street hospitality precinct, Melbourne Central and QV Melbourne.
The offering features a substantial Capital City Zoned land holding of 432sqm*, which is improved by two standalone two-storey commercial buildings, enhanced by a combined frontage of 40m* to Leicester Street and Leicester Place.
140 Leicester Street is improved by a vacant two-storey warehouse property, whilst 142-146 Leicester Street currently comprises a first-floor residence and a ground floor commercial offering leased to photography and digital art studio MSS Image. Current income is $52,662.35 per annum (excluding outgoings and GST), with the lease set to expire on 14 July 2024.
- 432sqm* Carlton landholding
- Improved by two standalone buildings
- Short term income of $52,662.35pa until July 2024
- Favourable Capital City zoning affording high-density development outcomes (STCA)
- 250m* from new Parkville Train Station (part of $11bn Metro Tunnel Project)
- World class education and medical offerings within close proximity
- Nearby public transport offerings including trams on Elizabeth & Swanston Streets
Located within close proximity to Melbourne University, 142-146 Leicester Street sits within one of the most rapidly evolving sections of Melbourne's city fringe. Recent years have seen a surge in student accommodation development, residential development, and major infrastructure projects, with Parkville Train Station part of the $11bn Metro tunnel Project due to open in September 2024.
University Square, Lincoln Square, Argyle Square and World Heritage renowned Carlton Gardens are all within walking distance of the property. Surrounding lifestyle amenity and offerings include Queen Victoria Market, Lygon Street hospitality precinct, Melbourne Central and QV Melbourne.
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Key details
Property type:
Office
Block Size:
280 m²*
Other Details
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Block information
Block size: 280m² (approx)
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SummaryMedian sales
Average Age
28 years
Population
16,055
Listing ID: 182264602. This listing has been viewed 2 times. It was first displayed on 01/02/2024 and last updated on 24/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.