OFF MARKET

29 Simpson Street
East Melbourne VIC 3002

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1375m2
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Property Details for 29 Simpson St, East Melbourne

Building Type
Land
Land Size
1375m2
Local Government
Melbourne
Lot/Plan
PC350721

Last Listing description (October 2023)

Substantial landholding of 1,375sqm* with exceptional north-facing frontage in Melbourne's prestigious suburb of East Melbourne.

Colliers and JLL are pleased to present George and Simpson, East Melbourne for sale via Expressions of Interest (EOI) closing Thursday 2 November at 2pm AEDT.


29-37 Simpson Street offers world-class opportunity to capitalise on this extremely rare planning approval in Melbourne's prestigious suburb of East Melbourne. This substantial north-facing corner landholding of 1,375sqm*, is offered with a world class, shovel ready approval for three luxury residential properties, comparable to the most iconic residential offerings around the world. Designed by globally renowned Fender Katsalidis Architects, the permit encompasses 1,859* of internal GFA across the luxury mansions.

Key features are below:

- Substantial north-facing corner landholding of 1,375sqm* in Melbourne's prestigious suburb of East Melbourne

- Extremely rare planning approval for a world-class project providing the pinnacle of luxury residential properties, comparable to the most iconic residential offerings around the world

- Designed by globally renowned Fender Katsalidis Architects, the current approval provides for three mansion residences with expansive private yards, pools, lifts and parking

- Over 101m* of prime street frontage to Simpson, George Streets and Mozart Place, providing ultimate flexibility and access to natural light

- Flexible General Residential Zone, providing scope for a substantial residential project or alternative use (STCA)

- Existing improvements compromise a two-level building, previously used as an Epworth healthcare facility, which would suit a range of repurposing and occupation opportunities

- Immediate proximity to the MCG, cafes, restaurants and the premium east end of Melbourne's CBD

- East Melbourne is one of Melbourne's most affluent and premium suburbs, boasting a median house of $3,340,000^

For further information, please contact the selling agents at Colliers or JLL:
Colliers:

Jozef Dickinson
+61 402 678 888

Trent Hobart
+61 433 196 452

JLL:
Josh Rutman
+61 411 27 37 46

Jesse Radisich
+61 402 085 702

*Approx
^Source REIV

Property History for 29 Simpson St, East Melbourne, VIC 3002

A timeline of how this property has performed in the market
Last Sold
$13,000,000
01 Nov 2021
Listed for Rent
$600k/w
07 Dec 2021
  • 28 Sep 2023
    Listed for Sale Contact Agent
  • 01 Nov 2021
    Sold for $13,000,000
  • 19 Feb 2021
    Listed for Rent - Price not available
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About East Melbourne 3002

The size of East Melbourne is approximately 1.9 square kilometres. It has 10 parks covering nearly 46% of total area. The population of East Melbourne in 2011 was 4,714 people. By 2016 the population was 4,987 showing a population growth of 5.8% in the area during that time. The predominant age group in East Melbourne is 30-39 years. Households in East Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in East Melbourne work in a professional occupation. In 2011, 42.8% of the homes in East Melbourne were owner-occupied compared with 43.6% in 2016.

East Melbourne has 5,742 properties. Over the last 5 years, Houses in East Melbourne have seen a 10.08% increase in median value, while Units have seen a -12.96% decrease. As at 31 July 2024:

  • The median value for Houses in East Melbourne is $3,150,999 while the median value for Units is $757,779.
  • Houses have a median rent of $1,100 while Units have a median rent of $600.
There are currently 38 properties listed for sale, and 21 properties listed for rent in East melbourne on OnTheHouse. According to CoreLogic's data, 229 properties were sold in the past 12 months in East melbourne.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.