OFF MARKET

346 Drummond Street
Carlton VIC 3053

Bedrooms: -
Bathrooms: -
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Land area: 157m2
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Property Details for 346 Drummond St, Carlton

Building Type
Land
Land Size
157m2
Local Government
Melbourne
Lot/Plan
2/LP29715

Last Listing description (October 2023)

Nelson Alexander Commercial are delighted to offer For Private Sale this blue-chip Carlton development opportunity. Located on beautiful Drummond Street not far from Lygon Street and Faraday Street the location is first class. The property is a blank canvas which is Zoned Commercial 1 (C1) so will be suitable for commercial, residential or a mixed-use development (STCA). Significant works have already been completed including ground works, underground plumbing, underground power and ground floor slab so there are considerable savings to be realised. This is an outstanding development opportunity in a blue-chip location that we highly recommend.

Property Features:

Zoned Commercial 1 (C1)

Land Area 157m2 (approx.)
Blue-Chip Carlton Development Opportunity
Exclusive Drummond Street Precinct
Significant Ground Works Already Completed
Current permit for stunning "Garden Office"
Previous permit for retail plus 4 apartments
Superbly positioned with close proximity to the CBD, Melbourne University & Carlton Gardens
Flexible C1 zoning allowing commercial, residential or mixed-use development (STCA)
Close to the very best of local amenity that Carlton has to offer
Some of the Carlton staples close by are King & Godfree, DOC Pizza, Tiamo, Agostino, Heart Attack & Vine and more!
This is a fantastic development opportunity that we highly recommend!

For all property enquiries or to arrange an inspection of the site please contact exclusive selling agents Nelson Alexander Commercial on 9419 5511.

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Property History for 346 Drummond St, Carlton, VIC 3053

A timeline of how this property has performed in the market
Last Sold
$1,375,000
26 Jul 2013
Listed for Rent
04 Jul 2008
  • 02 Jun 2023
    Listed for Sale Contact Agent
  • 26 Jul 2013
    Sold for $1,375,000
  • 03 Jul 2013
    Listed for Sale Not Disclosed
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About Carlton 3053

The size of Carlton is approximately 1.7 square kilometres. It has 9 parks covering nearly 20.9% of total area. The population of Carlton in 2011 was 13,509 people. By 2016 the population was 18,506 showing a population growth of 37.0% in the area during that time. The predominant age group in Carlton is 20-29 years. Households in Carlton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Carlton work in a professional occupation. In 2011, 21.6% of the homes in Carlton were owner-occupied compared with 18.6% in 2016.

Carlton has 15,690 properties. Over the last 5 years, Houses in Carlton have seen a 27.83% increase in median value, while Units have seen a -4.06% decrease. As at 30 September 2024:

  • The median value for Houses in Carlton is $1,665,443 while the median value for Units is $362,750.
  • Houses have a median rent of $675 while Units have a median rent of $515.
There are currently 63 properties listed for sale, and 86 properties listed for rent in Carlton on OnTheHouse. According to CoreLogic's data, 523 properties were sold in the past 12 months in Carlton.

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