4-6 Neilson Pl 0.8 Acres of Commercial Land in Footscray, VIC 3011

A rare opportunity exists to acquire a major landholding of approximately 3,232 m² in the heart of Footscray’s Joseph Road Development Precinct. This site is ideally positioned for a large-scale Build-to-Rent (BTR) or Build-to-Sell (BTS) project, supported by strong demand for residential and mixed-use developments in Melbourne’s inner west.
The property comprises two separate titles, providing flexibility for staging or delivering multiple projects. A current development scheme accommodating approximately 431 units is available upon request, offering a clear pathway for immediate planning and execution. Based on the existing scheme, the ingoing cost equates to approximately $35,000 per unit, presenting a compelling value proposition for developers and investors.
Located within walking distance of Footscray Train Station and Victoria University, and in close proximity to the soon-to-be-completed $1.5 billion Footscray Hospital—which will employ 5,000 people—the site benefits from exceptional connectivity and a rapidly expanding employment and education hub. This is a significant opportunity to secure a prime development parcel in one of Melbourne’s fastest-growing precincts.