Under Contract

23-47 Villiers Street, North Melbourne VIC 3051

23-47 Villiers Street, North Melbourne, VIC, 3051, AU

23-47 Villiers Street, North Melbourne VIC 3051_Property for Sale


23-47 Villiers Street, North Melbourne VIC 3051 2_Property for Sale

Asset description

JLL Melbourne has the exclusive privilege of offering for sale for the first time in 21 years this significant city-fringe landholding within the Parkville National Employment and Innovation Cluster and the Melbourne Biomedical Precinct at 23-47 Villiers Street, North Melbourne.


Key details of the opportunity include:

+ Unprecedented 6,526sqm city-fringe landholding of significant scale just 1km from the CBD and surrounded by Australia’s leading medical, education and technology institutions

+ The most significant Mixed Use landholding within the Melbourne Biomedical Precinct

+ Flexible Mixed Use Zone suiting residential, BTR, student accommodation, office, education, hotel and medical, healthcare and life science uses (STCA)

+  Indicative development potential supporting a range of end use outcomes, and ability to stage development

+ Significant existing improvements of 7,181sqm with 85 at grade car parks

+ Short-term income available via leaseback arrangement

+  4.5 Star NABERS Energy Rating

+ Highly strategic position within the Melbourne Biomedical Precinct – one of the world’s leading biomedical, research and innovation centres with $2.8bn already invested into the precinct and currently home to 72,960 employees (80,460 projected by 2036)

+  Direct proximity to Australia’s largest hospital precinct including Royal Melbourne/Royal Women’s Hospital (proposed $6bn expansion) and the University of Melbourne

+ Highly accessible site including proximity to tram, bus and only 400m to the under-construction Parkville Train Station which will provide access to the CBD, Arden Precinct, the Melbourne Airport and suburban Melbourne





To obtain further information or to arrange an inspection, please contact the exclusive selling agent.


Josh Rutman | 0411 27 37 46

Jesse Radisich | 0402 085 702

Noral Wild | 0409 439 991

MingXuan Li | 0498 688 998


Transaction Managers – Charter Keck Cramer


Building area gross
6,475 sm
Year built

Investment highlights

·      Flexible Mixed-Use Zone

·      Four Extensive Street Frontages

·      Melbourne Biomedical Precinct

23-47 Villiers Street, North Melbourne VIC 3051 4_Property for Sale
23-47 Villiers Street, North Melbourne VIC 3051 4_Property for Sale

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Last updated
Dec 22, 2022