Gross Waddell ICR in conjunction with CBRE is pleased to offer for sale 137 Stanley Street, West Melbourne (Cnr Adderley Street).

Featuring 1,700sqm* of ultimate CBD fringe land complete with a planning permit for twenty-five (25) multi-level townhouses. The site also lends itself to consider a build-to-sell or build-to-rent residential apartment project (STCA).

A summary of this permit approved CBD fringe opportunity is as follows:

• 1,700sqm* landholding on the edge of Melbourne’s CBD

• ‘Shovel ready’ permit approved for twenty-five (25) multi-level townhouses

• Sizeable frontages to both Stanley & Adderley streets totalling 82m*

• Ability to consider an alternative build-to-sell or build-to rent residential apartment project (STCA)

• Flexible Special Use Zone enabling alternative uses such as vertical aged care, child care & medical uses (STCA)

• Median house price of $1,334,000* with 9% capital growth over the past 12 months. (REA)

• Walking distance to Southern Cross Railway Station, Docklands, Marvel Stadium, Flagstaff Gardens, Queen Victoria Market and North Melbourne Train Station.

• Surrounded by world class education, retail, entertainment and residential amenity

137 Stanley Street, West Melbourne (Cnr Adderley Street) is For Sale Via Public Expressions of Interest closing Thursday 21st August 2025 at 2:00pm (AEST).

*approx.