The Boulevard, 98-100 Vida Street, Aberfeldie, VIC 3040

For Sale – Redevelopment Opportunity in Melbourne

An Irreplaceable Riverside Opportunity in a Blue-Chip Suburb

Address – The Boulevard, 98-100 Vida Street, Aberfeldie, VIC 3040

CPN Commercial Group in conjunction with Savills are pleased to present a landmark opportunity in Melbourne’s tightly held inner north-west. Set on a commanding landholding of over 4,894 sqm, this unique corner site offers more than 90 metres of absolute Maribyrnong River frontage and is surrounded by four street frontages, enhancing both its visibility and future development potential. Opportunities of this calibre within commercial real estate in Melbourne are exceptionally rare.

This is the first time this iconic property—home to Poyntons Nursery for over 90 years—has been offered to the market, making it an exceptional proposition for developers, retailers, hospitality operators or lifestyle-based businesses seeking a generational acquisition in one of Melbourne’s most exclusive riverside enclaves.

Commercial real estate in Melbourne | Redevelopment opportunity

The key features of this property include:

• Expansive 4,894 sqm* landholding
• Over 90 metres of prime river frontage to the Maribyrnong River
• Four street frontages offering maximum exposure and access
• Situated in a tightly held, affluent suburb just 8 km from Melbourne CBD
• Positioned within an established residential catchment with good foot traffic
• Short-term lease of 2 years in place allowing holding income or flexibility to occupy
• Flexible zoning suitable for a range of future uses (STCA)

Unmatched Location:

Located in Aberfeldie, a suburb renowned for its leafy streets, family-friendly community, and premium residential status, this address offers connectivity and amenity in equal measure. With scenic river trails, local village retail, and quality schools nearby, businesses operating here benefit from both a high-profile location and access to a well-heeled demographic.

The site’s proximity to Moonee Ponds, Essendon and Maribyrnong retail hubs, along with arterial access to Melbourne CBD, makes it ideally positioned for future mixed use or commercial development.

*This outstanding redevelopment opportunity is now SOLD*