Property Details for 75 Park Rd, Middle Park
75 Park Rd, Middle Park is a 16 bedroom, 14 bathroom Unit.
Last Listing description (June 2022)
With 3 street frontages, is this excellent Investment/Development opportunity of a 4 storey block of 14 strata units, consisting of 12 one bedroom and 2 two bedroom apartments situated on 713 sqm* of premium Middle Park land. The unique attributes of the land size, 3 street frontages and potential building envelope of 75 Park Road stands out as one of the very few sites suitable for sizeable future development within one of Melbourne's most valuable suburbs.
The current occupancy is a mix of both residents and investors with the building being 100% occupied, providing the added bonus of passive income potential until redevelopment.
Attributes of this unrivalled opportunity are:
- Massive Land Area of 713 sqm*
- 4 storey building envelope
- 14 Strata Titled one and two bedroom units to be sold as a whole
- 14 on site car spaces
- Sensational development potential
- Neighbourhood Residential Zoning 1
- 3 street frontages
Park Road 20m* Fraser Street 32.8m* -Neville Lane 26.2m*
Adjoining Boundary line 36.1m*
Ideally located within easy walking distance to the Middle Park Village, tram and light rail access to CBD, Middle Park Beach, St Kilda Beach, St Kilda Foreshore Precinct with its Restaurants, cafes, bars, and located in the highly sought after Albert Park College Zone. Everything you could possibly need within 10 minutes' walk or drive of this amazing property.
Build your trophy home, redevelop or just land bank with future choices in mind in Australia's most valuable Real Estate market on a per sqm basis.
No warranty is offered in relation to any potential purpose or use, current or future. All measurements are a guide only. Interested parties are advised to seek independent advice prior to proceeding. - "*" approximately
Property History for 75 Park Rd, Middle Park, VIC 3206
- 09 Feb 2022Listed for Sale Contact Agent
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About Middle Park 3206
The size of Middle Park is approximately 0.9 square kilometres. It has 4 parks covering nearly 8.1% of total area. The population of Middle Park in 2011 was 4,058 people. By 2016 the population was 4,152 showing a population growth of 2.3% in the area during that time. The predominant age group in Middle Park is 40-49 years. Households in Middle Park are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Middle Park work in a professional occupation. In 2011, 61.7% of the homes in Middle Park were owner-occupied compared with 63.4% in 2016.
Middle Park has 2,182 properties. Over the last 5 years, Houses in Middle Park have seen a -0.88% decrease in median value, while Units have seen a -0.26% decrease. As at 30 September 2024:
- The median value for Houses in Middle Park is $2,504,122 while the median value for Units is $808,236.
- Houses have a median rent of $950 while Units have a median rent of $580.
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