POINT OF INTEREST:
Melbourne’s coveted eastern suburb has already approved the development of a brand new offering, the only thing that’s left is for a developer to claim the short-cut opportunity. This profile site comprises 1,311 sqm* of irreplaceable corner-positioned land with over 60 metres* of frontage to unrivaled park views.
Providing a fantastic development opportunity for a range or asset classes including Childcare with its elevated corner position and neighboring parklands, current improvements comprising two x three-bedroom homes offering holding income. The endorsed planning permit allows for 33 apartments with a mix of 1, 2 and 3 bedrooms to be built here, next door to Billabong Park. Student accommodation could also be ideal in a location like this, particularly with 29,000 commuters passing Burwood Highway on a daily basis. Deakin University is within a 15-minute commute on the 75 tram, the Eastlink is 3.2 km* away, and the Monash — sitting 5 km* from here — will get you into the CBD in 40 minutes. Vermont South has already been set up for convenient living and simple access, with Vermont Shopping Centre a 4-minute drive down the road and hosts Coles, Petstock, and Aldi.
- 1,311 sqm* of total land area.
- A corner site with over 60 metres* of park views.
- 2 existing 3-bedroom homes are currently on the site.
- Residential growth zone.
- Direct exposure to Burwood Highway’s 29,000 daily passing commuters.
- 100 m* to the 75 tram.
- 3.2 km* to the Eastlink.
- 5.2 km* to the Monash Freeway.
POINT OF VIEW:
Acute developers that have no interest in beating around the bush (read: paying holding costs) will get here even quicker with the recent Burwood Highway Tram extension. This is a development that has its roots already established in getting your ROI without delay.
*Approx.
Pricing excludes GST
