TWO TITLES -THREE TENANCIES + HIGH-DEMAND AREA

Sale Details

Sold on 27 Aug 2025 for $2,800,000

Description

POINT OF INTEREST:

Two (titles) for one prodigious parcel, this Macaulay Road strip is an opportunity to reap the current tenancy rewards, part occupy and bank on the future development upside. Comprising three distinct opportunities, this property offers diverse income potential.
425-427 Macaulay Road, leased to Superior Tyres, featuring drive-in access and prominent street signage for high visibility. 429 Macaulay Road is a 371 sqm* retail/studio/warehouse space available with vacant possession, offering endless possibilities, whether for retail, hospitality, office, or showroom use, benefitting from nearby multilevel mixed use developments bringing hundreds of potential customers to your door.
Lastly, 431 Macaulay Road, leased to the popular Thai Somboon restaurant, anchored by a well-established business with strong local demand, taking advantage of this thriving area.
A destination neighbouring the likes of the Kensington train station, Newmarket Plaza, Belair Street retail, Moonee Ponds Creek environs, Citylink, and the crowded Kensington Neighbourhood Shopping precinct — this monumental parcel pairs immediate returns with bankable development capacity.

- Mixed use zoning, offering flexible commercial and residential development options.
- 20.2 m* combined frontage.
- 712 sqm* total land with rear right of way (ROW)
- 3 Tenancies totalling 793 sqm*
- Potential income $127,000 per annum with rental growth upside
- Indicative development height limit of 4 levels (STCA)
- 330 m* to Citylink.
- 180 m* from Kensington railway station & Neighbourhood shopping precinct.
- 1.2 km* new Arden Station Precinct
- 2.5 km* to Queen Victoria Market.

POINT OF VIEW:

“With development projects sprouting up all around and the area's undeniable growth trajectory, this property is both a cash-flowing asset and a strategic move for tomorrow. Don’t just watch Kensington rise — be a part of it.”


*Approx.
Pricing excludes GST