Melbourne

Landmark infill site in Melbourne's north to hit the market

A major infill site at Epping in Melbourne’s northern suburbs is set to attract significant buyer interest given its development potential and location in one of Melbourne’s most dynamic growth areas.

02 Jan 2021

A major infill site at Epping in Melbourne’s northern suburbs is set to attract significant buyer interest given its development potential and location in one of Melbourne’s most dynamic growth areas.

CBRE agents David Minty, Nathan Mufale, Daniel Eramo and Jake George have been appointed to market the 16,300sqm, Activity Centre site on behalf of a private family via a public Expressions of Interest campaign.

The 142-150 Cooper Street property offers 81metres of street frontage and would suit a major mixed-use project, build-to-rent development, office or medical uses, subject to the relevant planning approvals.

In addition, the property boasts substantial existing improvements with sizeable hard stand areas and substantial onsite car parking, suitable for a range of businesses and owner occupiers.

The landholding is positioned within Epping’s core Activity Centre precinct directly adjacent to the Pacific Epping Shopping Centre and the Northern Hospital.

Surrounding amenity and lifestyle attractions include Costco, Epping Train Station, Bunnings, Melbourne Polytechnic and a Mantra Hotel.

CBRE’s Mr Minty said; “The site is located in one of the fastest-growing municipalities in Victoria, where there has been a resurgence in demand for residential accommodation fueled by record government stimulus, including incentives for first homeowners.”

Mr Minty noted that there had already been more than 75,000 HomeBuilder grants, well above Treasury’s initial forecast of 27,000, with UBS forecasting that house prices could rise by as much as 10%+ in 2021.

Expressions of interest for 142-150 Cooper Street close in March 2021

For Australian/international news or global stories, follow us on Twitter: @cbreaustralia

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

Disclaimer:

Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at https://www.cbre.com.