Fringe sites offer village charm to Melbourne developers

6 September 2023

Leading agency Savills Australia has been appointed to sell two permit approved sites in Melbourne’s popular city fringe suburb of Windsor.

The two sites, located at 25-27 McWilwrick Street Windsor and 338-344 High Street Windsor, offer a unique blend of inner-city lifestyle with suburban tranquility.

High Street boasts a generous 1,200sqm plot opposite Victoria Gardens with permit approval for a carefully designed apartment project. and is expected to achieve a price of more than $7 million.

The McWilwrick Street site has an area of 503sqm with permits granted for three luxurious high-end town homes. It is a highly connected site, just minutes away from Chapel Street and Windsor train station. Price expectations are around $2.5 million for this site.

Agents Julian Heatherich, James Latos and Benson Zhou have been exclusively appointed to sell both properties.

Julian Heatherich, State Director – CBD and Metropolitan Sales at Savills commented, “These premium sites in Windsor are strategically poised to capitalise on the next upswing in the market cycle. Windsor’s proximity to key facilities and distinct blend of inner-city convenience and suburban vibe make the finished dwellings a strong proposition for occupiers, down-sizers, and investors.”

James Latos, Associate Director, CBD and Metropolitan Sales at Savills Australia and New Zealand added, “Windsor’s unique charm and strategic location make it an ideal hub for development. The mix of historical architecture and contemporary lifestyle amenities creates an irresistible appeal to both residents and investors.”

Originally known as Prahran South, Windsor has maintained its allure retaining a distinctive blend of Victorian-era architecture and modern urban living. The area has witnessed significant development activity, including plans by Goldfields for a 348-apartment complex at the corner of Raleigh Street and Punt Road.

Both properties are for sale by expressions of interest closing 2pm, Wednesday 4 October 2023.