A premium park front development opportunity in Melbourne’s thriving inner north is expected to attract interest at $17million with its flexible future potential and prime, park fronting location.
Colliers’ Jozef Dickinson, Trent Hobart and Yvonne Zhou, in conjunction with JLL’s Nick Peden, Jesse Radisich and and Josh Rutman, have been appointed to sell a substantial 4,352sqm property at 20 Leinster Grove in the heart of Brunswick East on behalf well known local investor and developer Colin DeLutis of DeGroup.
20 Leinster Grove, Brunswick East is being offered for sale via Expressions of Interest, closing Wednesday 23 March 2pm (AEST).
Situated at the end of a cul de sac, the property is positioned with over 50m frontage overlooking the picturesque Methven Park, moments from the hustle and bustle of Lygon Street and a short trip into the CBD. The site is accessed from Leinster Grove, a quiet residential street in the heart of Brunswick East with ample accessibility to retail and hospitality amenity.
“This is an incredibly rare opportunity to secure a major, park front landholding in the heart of Brunswick East, located in the luxuriously leafy Leinster Grove, moments from the prime retail and hospitaility amenities along Lygon Street,” Mr Dickinson said.
“The flexible mixed-use zoning allows for a variety of development outcomes for the site. Overlooking the park creates a unique aspect, creating the potential for unobscured view lines towards Melbourne’s CBD. With immediate connection from Lygon Street into Melbourne’s CBD, there is the potential for a variety of development outcomes.”
“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.”
Mr Peden said the property presented endless opprtunity and exceptional fundamentals.
“The rectangular site links seamlessly into the best Brunswick East has to offer, including being within walking distance to two shopping centres, all the while sitting quietly within a beautiful neighbourhood setting,” he said.
The property was one of the first commercial acquisitions for the Vendor in 1977 and was originally used as part of the Westco Jeans empire.
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