Lloyd Williams to Offload Ascot Vale Development Site, Near Flemington Racetrack

MILLIONAIRE entrepreneur Llloyd Williams has quietly listed for sale a horse stable complex opposite the Melbourne Showgrounds, and near the western boundary of the Flemington Racecourse.

In a residential street, the Ascot Vale property is configured as a double-storey home at the front, with equine facilities, at the rear. The commercial component includes 17 stables and an office. The property has rear lane access.

Measuring 1049 square metres, the block is large by inner-city standards, and is being marketed as a residential development site. Apartments within any new project would capture unobstructed city views over the racecourse. Nelson Alexander Ascot Vale’s Andrew Johnston will auction 14 Leonard Crescent at midday, May 14, when it’s expected to sell for between $1.2 and $1.3 million.