Pictured above: 550 Williamstown Road, Port Melbourne
A prime landholding opposite Port Melbourne’s North Port Oval has been offered to market, with permits and plans in place for the development of luxury apartments, which will capitalise on the location and stunning park and city views on offer.
The 967 sqm site at 550 Williamstown Road in Port Melbourne is for sale through Savills Australia and New Zealand.
Set in an evolving pocket of Port Melbourne bordering Australia’s largest urban renewal project, Fisherman’s Bend, and a short walk from supermarkets and the Bay Street retail area, the site offers an unrivalled opportunity to capture a coveted dual frontage corner block in one of Melbourne’s most exciting development areas.
Cam Zamora, Associate Director at Savills said, “The site has immense potential as the offering includes plans for 32 luxury apartments plus retail, as well as the security of a short-term holding income available via an existing warehouse onsite, this site is a developer’s dream."
“Close to retail, supermarkets and an easy commute to the CBD via North Port light rail station just 150m away, 550 Williamstown Road has accessibility as well as a green leafy outlook,” Mr Zamora added.
Julian Heatherich, Director at Savills said of the area, “The City of Port Phillip LGA, where the site lies, is expecting to grow well in excess of 60,000 residents by 2041. Dwellings in areas such as this in locations convenient to the city, amenities, beaches and recreational areas will no doubt be in high demand.”
The site at 550 Williamstown Road, Port Melbourne is offered for sale by expressions of interest, closing Wednesday, 23 August 2023 at 2 pm.
