After many years of ownership, a private Melbourne family has decided to offer for sale what is probably the last remaining development site along the acclaimed Queens Road, Melbourne.
Vinci Carbone's Joseph Carbone and Frank Vinci together with Gross Waddell ICR’s Michael Gross and Danny Clark have been appointed to run the public Expression of Interest campaign.
Queens Road is characterized by a number of older heritage protected apartment blocks with the recent emergence of modern upmarket developments. The “bow in the arrow” for development sites located on Queens Road is their unparallel views over the picturesque Albert Park Lake which has been made world famous by the Grand Prix.
This brilliant site is offered with a world class planning permit for a premium 15 level development comprising 142 apartments and 10,701 sqm (approx.) of net saleable area.
Michael Gross said, "31 Queens Road is located in one of Melbourne's most prestigious locations with upcoming and completed apartment towers commanding record prices".
Danny Clark continues, "Seldomly do development site opportunities arise which offer such amazing view lines across and access to Melbourne's premium lifestyle amenity".
Joseph Carbone adds, "The property offers unparalleled size and scale with scope to redesign the existing permit or convert to commercial, hotel or build-to-rent (STCA)".
"The city fringe super site resides on a sprawling 2,323 sqm (approx.) and benefits immensely from a second frontage to Queens Lane", said Frank Vinci.
The last reported sale along Queens Road was that of 50 - 52 Queens Road, which was sold for circa $70,000,000 12 months ago, without a planning permit. In addition, 8 Louise Street, located just off Queens Road, sold in June 2021 for $21,000,000 which is almost half the land size as 31 Queens Road.
31 Queens Road is being offered for sale by Expressions of Interest, by Vinci Carbone & Gross Waddell, closing the 3rd of March 2022.
