Watch Watch
Your home of Development Ready videos
Watch Watch
Back

'Kinnear's Precinct', 124-180 Ballarat Road, Footscray, VIC 3011

+10 Photos
×
+12 Photos
'Kinnear's Precinct', 124-180 Ballarat Road, Footscray, VIC 3011

'Kinnear's Precinct', 124-180 Ballarat Road, Footscray, VIC 3011

Properties / Buy / Victoria / Footscray
Development Approved

1. Property Summary

Property Type
Mixed Use
Land Area
29,900 m² (*approx)
Zoning
Mixed-Use (MUZ)
Selling Method
EOI: Closing Thursday, 26th September at 12pm (AEST)
EOI Closing Date
26 Sep 2024 12:00PM
Show All

2. Property Highlights

One of The Largest Mixed-Use Development Site Opportunities in Metropolitan Melbourne

Cushman & Wakefield Development Sites is excited to present 124-180 Ballarat Road, Footscray, also known as the ‘Kinnear’s Precinct,’ for sale by International Expressions of Interest closing Thursday, 26th September at 12pm (AEST).

Located in Melbourne's inner-west, the ‘Kinnear’s Precinct’ offers a premier mixed-use development opportunity. Its strategic location near essential transport connections and amenities makes it a pivotal site for the ongoing urban revitalisation of the area.

With the approved Kinnear’s Precinct Development Plan, the site supports development outcomes including 1,200+* dwellings along with suitable retail/commercial spaces within buildings ranging from 5-18 storeys.

Key details of the development site include:

- Significant island development site of 2.99-hectare*, the likes of which are rarely offered to the open market.

- Flexible mixed-use planning zone.

- De-risked by the approved Kinnear’s Precinct Development Plan & planning approval for Stage 2.

- Approximate yield of 1,200+ dwellings plus commercial & retail with the option to amend the Development Plan for a higher yielding development outcome (subject to planning approval).

- The availability of distinct stages provides the flexibility for phased future redevelopment.

- Proven location for medium-density mixed-use projects.

- Suitability for Build-to-Sell, Build-to-Rent, Student Accommodation, Key Worker Housing, Aged Care & Retirement Living or a combination of options.

- Victoria’s Housing Statement, aiming for 800,000 homes in Victoria over the next decade, along with Plan Melbourne’s aspiration of 70:30, positions the Kinnear’s Precinct as a prime opportunity to provide housing on a large scale in a location proximate to services and transportation.

- The Victorian Government has designated the Footscray precinct as one of seven priority precincts.

- Footscray encompasses all the vital elements of a 20-minute neighbourhood, aligning with the goals set forth in Plan Melbourne 2017-2050.

- The upcoming Footscray Hospital, backed by a $1.5 billion investment from the Victorian Government, stands as one of the most significant health infrastructure ventures in the state’s history. It is poised to serve as a driving force for bolstering local health services and generating employment prospects within the community.

- Victoria University (Footscray Campus) stands among the top 2% of global universities, hosting 19% international students and boasting a fulltime student population exceeding 14,000 (The World University Rankings 2024).

- Footscray, as a direct beneficiary of Victoria’s Big Build, is poised to gain from unparalleled transport infrastructure projects, including the Metro Tunnel and West Gate Tunnel.

- Footscray enjoys access to three train stations: Footscray, West Footscray, and Middle Footscray.

*Approx.

To obtain further information or to arrange an inspection, please contact the exclusive selling agent.

Joe Kairouz +61 421 430 638

Hamish Burgess +61 421 641 497

Leon Ma 马海翔 +61 417 070 725

Remember to mention you found this property on DevelopmentReady

Read More
Development Approved

1. Property Summary

Property Type
Mixed Use
Land Area
29,900 m² (*approx)
Mixed-Use (MUZ)
Selling method
EOI: Closing Thursday, 26th September at 12pm (AEST)
EOI Closing Date
26 Sep 2024 12:00PM

2. Property Highlights

One of The Largest Mixed-Use Development Site Opportunities in Metropolitan Melbourne

Cushman & Wakefield Development Sites is excited to present 124-180 Ballarat Road, Footscray, also known as the ‘Kinnear’s Precinct,’ for sale by International Expressions of Interest closing Thursday, 26th September at 12pm (AEST).

Located in Melbourne's inner-west, the ‘Kinnear’s Precinct’ offers a premier mixed-use development opportunity. Its strategic location near essential transport connections and amenities makes it a pivotal site for the ongoing urban revitalisation of the area.

With the approved Kinnear’s Precinct Development Plan, the site supports development outcomes including 1,200+* dwellings along with suitable retail/commercial spaces within buildings ranging from 5-18 storeys.

Key details of the development site include:

- Significant island development site of 2.99-hectare*, the likes of which are rarely offered to the open market.

- Flexible mixed-use planning zone.

- De-risked by the approved Kinnear’s Precinct Development Plan & planning approval for Stage 2.

- Approximate yield of 1,200+ dwellings plus commercial & retail with the option to amend the Development Plan for a higher yielding development outcome (subject to planning approval).

- The availability of distinct stages provides the flexibility for phased future redevelopment.

- Proven location for medium-density mixed-use projects.

- Suitability for Build-to-Sell, Build-to-Rent, Student Accommodation, Key Worker Housing, Aged Care & Retirement Living or a combination of options.

- Victoria’s Housing Statement, aiming for 800,000 homes in Victoria over the next decade, along with Plan Melbourne’s aspiration of 70:30, positions the Kinnear’s Precinct as a prime opportunity to provide housing on a large scale in a location proximate to services and transportation.

- The Victorian Government has designated the Footscray precinct as one of seven priority precincts.

- Footscray encompasses all the vital elements of a 20-minute neighbourhood, aligning with the goals set forth in Plan Melbourne 2017-2050.

- The upcoming Footscray Hospital, backed by a $1.5 billion investment from the Victorian Government, stands as one of the most significant health infrastructure ventures in the state’s history. It is poised to serve as a driving force for bolstering local health services and generating employment prospects within the community.

- Victoria University (Footscray Campus) stands among the top 2% of global universities, hosting 19% international students and boasting a fulltime student population exceeding 14,000 (The World University Rankings 2024).

- Footscray, as a direct beneficiary of Victoria’s Big Build, is poised to gain from unparalleled transport infrastructure projects, including the Metro Tunnel and West Gate Tunnel.

- Footscray enjoys access to three train stations: Footscray, West Footscray, and Middle Footscray.

*Approx.

To obtain further information or to arrange an inspection, please contact the exclusive selling agent.

Joe Kairouz +61 421 430 638

Hamish Burgess +61 421 641 497

Leon Ma 马海翔 +61 417 070 725

Remember to mention you found this property on DevelopmentReady

Read More

3. Property Location

'Kinnear's Precinct', 124-180 Ballarat Road, Footscray, VIC 3011

Property Map

4. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into DevelopmentReady to allow access

Report Contains

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
Download Report
Download Report
Enquire