This article is from the Australian Property Journal archive
A STRATEGIC large development site within the Highpoint Activity Centre in Maribyrnong has changed hands for $5 million.
Colliers International’s Hamish Burgess, Bryson Cameron and Ted Dwyer negotiated the sale of the 14-16 Williamson Rd Maribyrnong.
The campaign generated significant interest from local and offshore developers.
The sale price represents a land rate of $2,360 per sqm.
Located approximately 8km north-west of the Melbourne CBD, the 2,114 sqm has dual street frontages to Williamson Rd and Sloane St totalling 76m.
The mixed use zoned site is situated within Design and Development Overlay 12 (DD012) allowing for a preferred development height of up to 10 levels, with nearby height precedents of up to 17 levels.
Australian Property Journal