278-282 Albert Street
Brunswick, VIC 3056

This property at 278-282 Albert Street, Brunswick, presents a prime opportunity for developers and investors looking to capitalize on a high-growth corridor close to Melbourne's CBD. The site is a corner block offering significant development potential under the current Commercial 1 zoning.

Key features of the property include a substantial land area of 1,071 square metres, providing ample space for various commercial or mixed-use developments. The building size currently stands at 700 square metres, offering existing infrastructure that can be leveraged or redeveloped according to planning permissions.

The site benefits from a favorable planning overlay that permits development up to a preferred maximum height of 25 meters, allowing for multi-level construction that can maximize the site's value and utility. Its strategic location is just 4 kilometers from Melbourne's central business district, making it highly accessible and attractive for businesses and tenants.

Residents and workers in the area enjoy proximity to a range of amenities including public transport options, retail outlets, educational institutions, and parklands, all within walking distance. This enhances the appeal of the location for future occupants and supports sustainable urban living.

The property is currently offered for sale with a longstanding monthly tenancy in place, with the tenant having occupied the premises for over 20 years. This provides immediate income potential for investors while allowing for future redevelopment plans to be considered.

Overall, 278-282 Albert Street represents a rare and valuable opportunity in Brunswick's vibrant commercial precinct, combining excellent location, significant land size, and favorable development conditions. It is well suited for developers, investors, and businesses seeking to establish a presence in one of Melbourne's most dynamic growth areas.