Vacant East Melbourne block a short distance from MCG goes up for sale for the first time in 50 years
- The now empty land was first built on in 1860
- Site near several major sports stadiums
A stunning block of land in a stylish inner-city suburb that is just minutes from one of Australia’s most iconic sporting venues is up for sale for the first time.
The vacant land at 179-183 Hotham Street in East Melbourne is available after the family who have owned the land for over 50 years decided to sell it.
The 1,012-square-meter site is 700 meters from the MCG and also not far from Melbourne Park, which hosts the Australian Open Grand Slam tennis tournament each January.
The land in eastern Melbourne is up for grabs after a family who owns the site decided to sell it after having owned it for more than 50 years.
It is also within easy walking distance of historic Fitzroy and the heritage listed Treasury Gardens.
Agents from Fitzroy’s real estate agency received the listing on the market.
Chris James of Fitzroy’s said real estate.com.au buyers interested in purchasing the site would win the chance to own a ‘once-in-a-lifetime home’.
He said the land can also be used to build other residential facilities.
The stunning site is within walking distance of the MCG and Melbourne Park, and is also within walking distance of heritage-listed Fitzroy Gardens and Treasury Gardens.
“I would say this would include townhomes or boutique apartments,” he said.
The land is sold solely through expressions of interest.
The plot is located within a General Residence Zone, so the space can be used for the construction of community housing.
The land is mainly surrounded by terraced houses on either side of Hotham Street, while larger apartment blocks and office buildings dominate the area.
Lush green spaces also line the street with nearby parks featuring plenty of pedestrian paths.
Estate agents have already received expressions of interest for the land that can be converted into a home or could house apartment blocks as it is located within a General Residential Zone.
The site was first built in 1860 as a two-story house for a leather merchant Patrick McFarland and his brother-in-law John McCrae, who owned a tack shop.
It then became a tower block in the 1930s before that structure was torn down in the 2000s.
East Melbourne is home to some of the most expensive homes in the city with many unique and historic properties.
According to property records, a vacant block of land at 99 George Street in Melbourne sold for a record $2.1 million in 2021.
However, the site on Hotham Street is expected to sell for much more.
Expressions of interest for the land close on August 30.