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Overview
307 Racecourse Road, Kensington VIC 3031
This prime freehold commercial property at 307 Racecourse Road, Kensington, presents a unique opportunity for owner-occupiers, investors, and value-add buyers to secure a versatile asset in one of Melbourne's most sought-after city fringe precincts. The property is positioned in the heart of thriving Kensington, offering excellent connectivity to Melbourne's Central Business District, major arterial roads, and public transport options.
The site benefits from a favourable Commercial 1 zoning, which supports a range of commercial uses, making it an attractive prospect for various business ventures. This is the first time the property has been offered in over 60 years, highlighting its rarity and potential for long-term value growth.
Key features of the property include a generous land size of approximately 163 square metres, providing ample space for development or expansion. The existing infrastructure supports hospitality uses, with established facilities already in place. Additionally, the property offers excellent rear access with off-street car parking, enhancing convenience for tenants and customers alike.
Situated in a prime city fringe location, the property is surrounded by a vibrant mix of retail outlets, cafes, hospitality venues, and residential catchments. This dynamic environment contributes to the property's strong underlying land value and future upside potential.
Residents and businesses in the area enjoy immediate access to public transport and major road networks, facilitating easy movement throughout Melbourne. The proximity to lifestyle amenities such as Kensington Village, Flemington Racecourse, and the rapidly evolving Arden precinct further enhances the appeal of this location.
This offering represents a great opportunity for those looking to invest in a prominent commercial asset with strong fundamentals and significant potential for growth. Whether for investment, occupation, or value-add purposes, 307 Racecourse Road stands out as a compelling proposition in the competitive Melbourne market.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Kensington VIC 3031
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 97 m² |
Market Insights for Kensington VIC 3031
Other properties in this postcode
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