A row of old shops in Northcote’s Westgarth precinct, consolidated by interests associated with former Melbourne Football Club player turned developer Clint Bartram, sold for more than $3.3 million last week.
The 783 sqm development site, 43-47 Simpson Street, was offered with permission for a four storey mixed use complex with 18 dwellings and three ground floor shops which could be configured as a cafe.
GrayJohnson director Matt Hoath said 12 offers were received following a mortgagee sale campaign which generated 145 enquiries.
Mr Bartram, as director for Corner Northote Pty Ltd, spent $4.1m on the block last year.
A high-end apartment project subsequently proposed (artist’s impression, right) pre-secured $7m in sales.
Elsewhere in the suburb the sportsman, who retired in 2012 after 103 games following a knee injury, is building 24 dwellings into a c1888 High Street bank High Street .
Mr Hoath said the incoming owner of 43-47 Simpson Street is a developer with experience in the city’s east and south.
“I think you can assume that there is considerable strength and interest in the development opportunities in Melbourne’s inner northern suburbs,” the agent added.
At the north west corner of Roberts Road, also with access to a laneway, this site is walking distance to Dennis train station and Yarra Bend Park.
Northcote is about seven kilometres north of the city.