A once in a generation opportunity has emerged to secure one of Melbourne’s most iconic and tightly held properties, with the landmark Poyntons Nursery in Aberfeldie being offered to the market for the first time in 90 years.
Occupying a prime 4,894sqm landholding on The Boulevard (corner of Vida Street), the property commands more than 90 metres of Maribyrnong River frontage and enjoys four street frontages - a rare combination of scale, prestige, and position just 8 kilometres north-west of the Melbourne CBD.
Poyntons Nursery has been a cornerstone of Melbourne’s inner north-west since its establishment in the 1930s, serving generations of garden enthusiasts, families, and locals from across Essendon, Moonee Ponds, and beyond. Owned by Yvonne Poynton, whose family has nurtured the business for nearly a century, the site now presents an unparalleled opportunity for the next chapter in its storied history.
The extensive site comprises multiple titles, including the adjoining 8 Morgan Street, and features the well-known Poyntons Café, interior homewares store, and outdoor living retail area, alongside the established plant nursery and extensive paved display gardens. Zoned General Residential (GRZ) under the Moonee Valley Planning Scheme, the property is offered with a short-term two-year lease returning $520,000 per annum plus outgoings and GST, providing holding income while a future vision is explored.
Stephen Bolton, James Latos and Tanya Su of Savills Australia and New Zealand, together with Anthony Carbone and Peter Daris of CPN Commercial Group, have been appointed to manage the campaign on behalf of Mrs Poynton.
“Opportunities like this simply don’t exist anymore,” said Mr Bolton. “This is an extraordinary riverside landholding that combines history, character, and future potential in one of Melbourne’s most desirable and tightly held residential pockets that rivals anything you would find in areas such as Kew, Hawthorn or South Yarra.”
Mr Carbone added: “The site’s flexibility opens up an array of possibilities, from luxury residential development or retirement living, to a reimagined retail, hospitality or wellness destination. Its location, outlook, and amenity make it one of the most compelling sites to come to market in recent years.”
The property’s idyllic position along the Maribyrnong River offers panoramic views and direct access to parklands and walking trails, with proximity to some of Melbourne’s most prestigious schools, leading hospitals, and major retail hubs including Highpoint Shopping Centre and Moonee Ponds Central.
Poyntons Nursery’s sale marks not only the transition of an iconic business and property, but also the passing of a legacy that has shaped the local community for nearly a century.
“The nursery has always been about connection - to nature, to people, and to this beautiful riverside community. It’s now time for someone new to imagine what comes next,” Mr Latos said.
The property is being offered for sale via International Expressions of Interest closing Wednesday, 26 November 2025 at 3.00pm (AEDT) with offers expected upwards of $10 million.