Brunswick East apartment develoment site for sale
It is a substantial 4,352sqm site
Jonathan ChancellorFebruary 22, 2022
A premium park front development opportunity in Melbourne’s inner north has been listed for sale.
It's expected to attract $17million offers.
It has been offered by local investor and developer Colin DeLutis of DeGroup.
It is a substantial 4,352sqm site at 20 Leinster Grove, situated at the end of a cul de sac, with over 50m frontage overlooking Methven Park.
Colliers’ Jozef Dickinson, Trent Hobart and Yvonne Zhou, have the listing in conjunction with JLL’s Nick Peden, Jesse Radisich and and Josh Rutman.
“On offer is a stunning park front location, enviable scale and incredible view lines back towards the CBD which all positions the site for a prime multi-level redevelopment set to re-rate the Brunswick East market,” the marketing says.
The property was one of the first commercial aquisiitons for the vendor in 1977.
It was once part of the Westco Jeans empire.
Offers for 20 Leinster Grove close March 23.
The Melbourne developer, Neometro, has seen success at Nine Wilson Ave, their final apartment project in Brunswick's Jewell Station Village, a multi-stage development that began back in 2016.
Over 35 per cent of the 73 apartments on offer were snapped up over the traditionally quiet Christmas holiday period.
Apartments in 9 Wilson Avenue, Brunswick see prices for two bedrooms from $609,000.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.