12 Pascoe Vale Road
Moonee Ponds, VIC 3039

This property at 12 Pascoe Vale Road, Moonee Ponds represents a landmark opportunity in Melbourne's inner north, offering a prime commercial freehold site with exceptional development potential. The site is a vacant two-level commercial building situated on a substantial landholding of approximately 990 square meters, with a favorable zoning under the Activity Centre Zone 1 (ACZ1), making it ideal for mixed-use development.

The existing building provides potential for refurbishment or can serve as an owner-occupier opportunity, while the site benefits from an approved planning permit for an impressive 8-level plus basement mixed-use development. This development plan includes 39 ultra-large apartments alongside 3 ground-floor commercial tenancies, delivering a net saleable area of approximately 3,853 square meters. The scale and apartment sizing are exceptional and rarely seen in Melbourne's inner north, offering a unique investment or development prospect.

Strategically positioned in the heart of Moonee Ponds' vibrant retail and commercial precinct, the property enjoys excellent accessibility with trams running directly in front and the Moonee Ponds train station just meters away. This connectivity enhances the appeal for future residents and commercial tenants alike.

The location benefits from strong inner-north market fundamentals, characterized by continued price growth and robust rental demand, making this an attractive proposition for developers and investors seeking long-term value in a thriving precinct.

The property is offered for sale via Public Tender, with the closing date set for Wednesday 10th June 2026 at 3:00 pm. Interested parties are encouraged to explore this rare opportunity to acquire a fully permitted development site in a prime location, ready to deliver a high-quality mixed-use tower that will contribute significantly to the Moonee Ponds community.

Key features include:

• Prime 990 sqm landholding favorably zoned Activity Centre Zone 1 (ACZ1)
• Existing two-level vacant commercial freehold with refurbishment or owner-occupier potential
• Approved planning permit for an 8-level plus basement mixed-use development
• 39 ultra-large apartments and 3 ground-floor commercial tenancies planned
• Approximately 3,853 sqm net saleable area with exceptional apartment sizing
• Located in the heart of Moonee Ponds' thriving retail and commercial precinct
• Excellent public transport access with trams and train station nearby
• Strong market fundamentals with ongoing price growth and rental demand

This opportunity is ideal for developers, investors, or owner-occupiers seeking a landmark site with significant upside in a highly sought-after location. The combination of a substantial land parcel, approved development permit, and prime positioning within Moonee Ponds makes this a standout offering in Melbourne's commercial property market.