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33 Albert Street, 76 Irving Street & 150-168 Nicholson Street 0.94 Acres of Commercial Land in Footscray, VIC 3011
Investment Highlights
- Substantial inner-west landholding of 3,790 m² across four titles.
- Flexible ACZ zoning enabling multiple future uses including mixed-use and BTR (STCA).
- Anchored by Savers Australia under lease until 2032 with further options.
- Positioned within a renewal precinct benefiting from long-term development fundamentals.
Executive Summary
Located in the heart of Footscray, this landmark offering spans four titles and represents one of the inner west’s most compelling development opportunities. Comprising three interconnected buildings on a generous 3,790 m² landholding with 4,217 m² of improvements, the site benefits from strong holding income and exceptional future potential under flexible Activity Centre Zone (ACZ) planning controls.
Anchored by global retailer Savers Australia through a secure lease until 2032, the property provides $814,677* net passing income annually and a diversified tenancy profile including retail, education, and service occupiers. This income security positions the asset as an ideal land bank while planning for high-density mixed-use redevelopment.
Strategically located in a proven Built-to-Rent hub undergoing significant urban renewal, this site offers optimal connectivity to key amenity, public transport nodes, and Melbourne’s CBD. Its zoning supports a wide range of potential uses—mixed-use, residential, health, or commercial (STCA)—making it suitable for developers seeking long-term upside in one of Melbourne’s fastest evolving precincts.
Anchored by global retailer Savers Australia through a secure lease until 2032, the property provides $814,677* net passing income annually and a diversified tenancy profile including retail, education, and service occupiers. This income security positions the asset as an ideal land bank while planning for high-density mixed-use redevelopment.
Strategically located in a proven Built-to-Rent hub undergoing significant urban renewal, this site offers optimal connectivity to key amenity, public transport nodes, and Melbourne’s CBD. Its zoning supports a wide range of potential uses—mixed-use, residential, health, or commercial (STCA)—making it suitable for developers seeking long-term upside in one of Melbourne’s fastest evolving precincts.
Property Facts
1 Lot Available
Lot 1 & 2
| Lot Size | 0.94 AC |
| Lot Size | 0.94 AC |
The property encompasses three buildings located in a strategic urban pocket of Footscray subject to significant redevelopment activity. It has a combined land area of 3,790 m².
Description
The property encompasses three buildings located in a strategic urban pocket of Footscray subject to significant redevelopment activity. It has a combined land area of 3,790 m². Public transport services are available within 50 meters, enhancing site accessibility. ?
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33 Albert Street, 76 Irving Street & 150-168 Nicholson Street
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