An ‘end-of-an-era’ listing at North Essendon Village could return the owners of popular independent supermarket chain Boundy’s an eight-figure sum.
The 4010 square metre site, 25-29 Keilor Road, Essendon, is expected to pique developer interest being net door to a BPM complex up to six storeys.
Another builder, CBD Developments, was approved for a 10-level apartment building, at nearby 1144-1154 Mount Alexander Rd.
The property could also find favour with an occupier like another supermarket.
Gross Waddell agents Andrew Greenway and Alex Ham are marketing 25-29 Keilor Road.
North Essendon is about nine kilometres north of Melbourne (story continues below).
Keilor Road is a major commercial thoroughfare spanning four suburbs and containing two retail strips about 1.5 kilometres apart.
City of Moonee Valley recognises the street as an Activity Centre.
About 15 years ago – after a car dealership wing was created at nearby Essendon Fields – a swag of empty car yards in the street sold, predominantly to high density apartment builders which have since created mid-rise projects.
Restaurant 400 Gradi moved into the ground floor space of a building which replaced a Duhig Ford, at #100.