53 Ryan Street
Footscray, VIC 3011

This exceptional single-level, freestanding property at 53 Ryan Street, Footscray offers a unique opportunity to acquire a prime development site within the highly sought-after Activity Centre Zone of Footscray. The property occupies a rectangular allotment of approximately 184 square meters, featuring a desirable north-facing street frontage complemented by rear laneway vehicle access.

The site benefits from council-approved plans and permits for a five-level mixed-use development, presenting significant future potential. The proposed development includes five commercial office spaces and two residential apartments, each with two bedrooms and 2.5 bathrooms, offering a blend of commercial and residential use that maximizes the site's value.

Currently, the property is improved by a charming circa-1900 residence, comprising three bedrooms, one bathroom, and one car parking space. This existing home provides immediate rental income and a comfortable living environment while the development potential is realized.

Strategically positioned on the fringe of Footscray’s vibrant retail and hospitality precinct, the property is situated in one of Melbourne’s fastest-growing inner-west locations. It is moments away from thriving retail outlets, dining options, and excellent transport links, making it an attractive location for both commercial and residential tenants.

Key features of the property include:

• A 184 square meter rectangular allotment located centrally within Footscray’s Activity Centre Zone.
• Approved plans and permits for a five-level mixed-use development comprising commercial office spaces and residential apartments.
• An existing freestanding single-level home with three bedrooms, one bathroom, and one car space.
• Current annual rental income of $47,400, providing immediate investment return.
• North-facing street frontage with convenient rear laneway access.
• Close proximity to Footscray’s retail, dining, and transport hubs.
• Surrounded by established medical and professional consultancy businesses.
• Potential for alternative development outcomes subject to council approval, including an all-residential option.
• Located just six kilometers from Melbourne’s Central Business District, offering strategic city-fringe access.

This property represents an exceptional opportunity for developers, investors, or owner-occupiers seeking to capitalize on Footscray’s growth and development potential. Enquiries are encouraged to secure this outstanding development and investment prospect.