Landmark Corner Site with Transformational Mixed Use Development Potential

Positioned at the landmark intersection of North Road and Koornang Road, this exceptional 1,195sqm* landholding presents a rare opportunity to secure one of the area’s most prominent corner sites.   Defined by its iconic early 20th century red brick industrial building and commanding street presence, the property offers outstanding potential for a landmark residential or mixed use development (STCA), while also representing an exceptional long term landbank or owner-occupier opportunity.

Currently configured to accommodate multiple tenancies, the property provides immediate holding income while future plans are explored.

Key Investment Highlights:
+ 1,195 sqm* landholding with an expansive 33-metre corner frontage
+ 1,031sqm* of internal building area
+ Mixed Use Zone – Schedule 3 (MUZ3)
+ Landmark early 20th century red brick industrial building with significant character
+ Configured as 8 individual units
+ Prominent retail shopfronts complemented by side lane access to two rear factory units
+ Additional first floor office and mezzanine accommodation
+ Four existing tenancies generating $110,000* per annum
+ Potential future billboard income opportunity (STCA)
+ Exposure to 50,000* vehicles daily along North Road
+ High profile corner location offering exceptional visibility and accessibility
+ Located within the highly sought after McKinnon Primary School Zone

Exceptional Future Potential
Whether you are a developer seeking a landmark residential or mixed use project (STCA), an investor looking to secure a blue chip landholding with immediate income, or an owner-occupier requiring flexible showroom, warehouse, office or vehicle storage space, this is a truly unique opportunity to acquire a trophy corner property in one of Melbourne’s most tightly held precincts.

Just Commercial
Focused on Successful Property Outcomes

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