VICPROP Brunswick, in conjunction with Luke Piccolo of Woodards, presents Brompton at 677 Park Street, Brunswick – a whole block of 24 apartments on a 647sqm* landholding in one of Melbourne's most sought-after rental and growth corridors.
Whole blocks in this location almost never come to market. This one offers immediate income, scope to add value, and long-term potential on a substantial inner-north site directly opposite Princes Park.
Owning the whole block means one owner makes the decisions, with no other owners to negotiate with. You can set the plan for leasing, upgrades and the future of the site. Hold it for steady rental income, upgrade the apartments over time to lift rents and value, or keep the land for its future potential (STCA).
Tenant demand is driven by the University of Melbourne, Monash University's Parkville campus, RMIT's Brunswick campus, Trinity College and the Parkville medical precinct. That gives a large, steady pool of tenants: students, academics, hospital staff and young professionals who want to live close to work, study and the city.
Brunswick continues to change. New apartments and mixed-use buildings are going up around Sydney Road and the Brunswick activity centre, and large inner-north sites are becoming harder to secure. A 647sqm* allotment with a 16.0m* frontage and 40.4m* depth, facing parkland and minutes from the CBD, is a rare long-term holding.
Brompton is a solid brick walk-up with three residential levels above an undercover carparking level. A long concrete driveway along one side leads to parking beneath the building, and many apartments have their own private balcony. The freshly painted apartments are simple, practical and easy to maintain. Each has built-in robes, a compact kitchen with overhead storage, a bathroom with bath and shower, and electric panel heating.
Investment highlights:
- Whole block of 24 apartments
- Land approx. 647sqm* (16.0m* frontage x 40.4m* depth)
- Directly opposite Princes Park, with CBD skyline views beyond
- Undercover parking plus a long driveway
- Strong, steady tenant demand from nearby universities and hospitals
- Scope to hold, improve or redevelop in the future (STCA)
The location is close to Royal Park, Melbourne Zoo, Ikon Park, Hardy Gallagher Reserve, Gilpin Park and Edinburgh Gardens. Brunswick South, Princes Hill and Merri-bek primary schools are nearby, along with St Vincent's Hospital. Sydney Road's shops, cafés and restaurants, Brunswick train station, trams and bike paths are all close by, with the CBD just minutes away.
Opportunities to buy a whole block in this location are rare. To request the information memorandum, arrange an inspection or discuss the opportunity, contact Jenifer Phan or Liam Carrington of VICPROP Brunswick, or Luke Piccolo of Woodards.
*Approximate measurements only. Development potential is subject to council approval. All parties should make their own enquiries and seek independent advice.
Disclaimer: All information, including dimensions, measurements and floorplan layouts, is provided for general information purposes only and is approximate. While reasonable care has been taken in preparing this floorplan, VICPROP makes no representation or warranty as to its accuracy or completeness. Interested parties should make their own enquiries and verify all measurements, dimensions and details independently. Furniture and fixtures shown are for illustrative purposes only and may not be included in the sale.
