1-9/253 Danks Street, Albert Park, Vic 3206

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1-9/253 Danks Street, Albert Park, Vic 3206-Image

1-9/253 Danks Street, Albert Park, Vic 3206

$5,500,000 - $6,000,000

Block Of Units

Type

Bedrooms

Bathrooms

Parkings

630 m²

Area

Last updated on Tuesday, June 30, 2026 ( See property details for 1-9/253 Danks Street, Albert Park, Vic 3206)

$5,500,000 - $6,000,000

View the agent price guide.

Greg Meadows - Real Estate Agent - Meadows Property Group - SOUTH YARRA

Greg Meadows Managing Director

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Georgie Brown - Real Estate Agent - Meadows Property Group - SOUTH YARRA

Georgie Brown Senior Sales Executive

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare development opportunity on a 630sqm corner site in Albert Park, offering nine one-bedroom apartments with outstanding potential for future projects.

🏡 Property Highlights

Prime 630sqm corner allotment in tightly held Albert Park enclave
Outstanding development potential (STCA) for luxury townhouses or boutique residences
Vacant possession of a substantial three-level building with nine one-bedroom apartments
Highly flexible blank canvas for developers and investors
Just 150 metres from Port Phillip Bay with stunning bayside views
Excellent location close to Melbourne CBD, vibrant villages, and foreshore

✨ Key Features

Open-Plan Living
Built-in Robes
Waterfront / Views
Outdoor Area
Secure Parking
Home Office / Study
Balcony
Ensuite
Air Conditioning
Extra Storage (Shed/Linen)

Suburb and Property Insights of Albert Park, VIC 3206

Albert Park is a highly sought-after bayside suburb renowned for its picturesque foreshore, vibrant village atmosphere, and excellent transport links. Residents enjoy proximity to Melbourne CBD, quality shopping and dining precincts, and a relaxed coastal lifestyle. The area offers a mix of historic and modern residences, making it ideal for both lifestyle and investment. With its prestigious reputation and limited land supply, Albert Park remains one of Melbourne's premier locations for property development and living.

Frequently Asked Questions

What is the zoning for this property?

The property is zoned General Residential, allowing for various development options subject to council approval.

What is the current condition of the existing building?

The existing building comprises nine one-bedroom apartments across three levels, offered with vacant possession, providing a blank canvas for redevelopment.

Are there any planning permits or approvals in place?

Currently, there are no permits in place; development would be subject to council approval and STCA (Subject to Council Approval).

What are the nearby amenities and transport options?

The property is within easy reach of Albert Park and Middle Park villages, MSAC, South Melbourne shopping and dining precinct, and public transport options including tram and train services.

Is there potential for future capital growth?

Yes, given its prime location, development potential, and scarcity of land in Albert Park, the property offers strong prospects for future capital appreciation.

What to ask about this property to agent?

Are there any existing planning restrictions or easements that could affect development plans? What are the potential costs associated with demolishing or renovating the current building? Are there any known issues with the land, such as flooding or bushfire risks? Is there any ongoing or planned nearby construction that could impact the property? Are there any strata or body corporate considerations for the existing apartments? What are the zoning regulations and height restrictions for future development? Are there any heritage overlays or environmental protections affecting the site? What are the total costs involved in development, including council fees and permits? Is the property connected to all essential services and utilities? Are there any restrictions on subdivision or further development of the site?

1-9/253 Danks Street, Albert Park, Vic 3206 - More Details

$5,500,000 - $6,000,000

Type: Block Of Units
Bedrooms: 9
Bathrooms: 9
Parkings: 9
Area: 630 m²

Price guide

View Statement Of Information

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1-9/253 Danks Street, Albert Park, Vic 3206 - Point Of Interest

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Your Commute at a Glance: 1-9/253 Danks Street, Albert Park, Vic 3206

Email Enquiry To Meadows Property Group - SOUTH YARRA

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1-9/253 Danks Street, Albert Park, Vic 3206

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