FORESHORE FRINGE WITH FRONTAGE, FLEXIBILITY AND INCOME.

Overview

Description

Private sale by closing Tuesday, 3rd June at 3 pm.

POINT OF INTEREST:

A premium bayside prospect sitting on two titles and a high-exposure corner block, this is one of Altona’s most prominent landholdings — positioned directly opposite Coles and just 250 m* from the foreshore. With over 66 m* of street frontage to both Sargood and Blyth Streets, the fully paved site totals 1,079 sqm* of land, opening the door to a range of high-density development opportunities (STCA).

As it stands, the 200 sqm* property is leased to a well-established local operator, returning $102,000 per annum + GST with instant cash flow and a flexible demolition clause in favour of the landlord — making it a rare income-producing landbank in the heart of a fast-growing urban village.

With Coles directly opposite and Altona railway station a short 100 m* walk, this corner is surrounded by national retailers, independent cafés, schools, medical services, and restaurants — all drawing year-round activity. Pier Street is the suburb’s lifestyle spine, and with a mix of local operators, hospitality venues, and daily-needs services, it’s quickly becoming one of Melbourne’s most loved village strips.


- 1,079 sqm* total land area.
- 200 sqm* total building area.
- Residential Growth Zone - Schedule 1.
- Leased to Final Finish Hand Car Wash Altona Pty Ltd for $102,000 per annum.
- 5-year lease with favourable demolition clause to landlord.
- Over 66 m* of combined street frontage to both Sargood and Blyth streets.
- Concept plan for a 28 apartment plus ground medical project available.
- Numerous schools within close proximity.
- 250 m* to Altona Beach.
- 100 m* to Pier Street’s retail and gathering precinct.
- 4.5 km* from Princes Freeway.

POINT OF VIEW:

In one of Melbourne’s most rapidly rising bayside suburbs, this prime corner offers location, zoning, and future upside all wrapped in one polished, cash-flowing package. Whether you’re in it for the now or the next, 21–23 Sargood Street is already set up for success.

*Approx.
Pricing excludes GST