430-434 Neerim Road Murrumbeena VIC 3163

EOI Closed - Offers Under Review

Savills and Stonebridge Property Group are pleased to present for sale 430-434 Neerim Road, Murrumbeena.

This 796 sqm* landholding boasts triple street frontage and a permit approval for a 7-storey building, comprising ground floor retail and 88-room student accommodation.

The Property is in a prime south east location, directly across the road to Murrumbeena Train Station, and positioned in a central location between Monash University Clayton and Caulfield campuses.

Murrumbeena is a high value residential market boasting a median house price of $1,650,000 (*** 2024), providing a substantial opportunity for alternate development outcomes including apartment or childcare (STCA).

Key highlights include:
Prominent 796 sqm* corner landholding with three street frontages totalling 89m* to Neerim Road, Murrumbeena Road & Melbourne Road
Existing improvements comprise a dual storey flexible brick building previously occupied by Foodworks & IGA with a GFA of 1,094sqm*
Permit approval for a 7-storey student accommodation building featuring 88 rooms, ground floor retail and communal facilities including rooftop kitchen & dining area, laundry & outdoor spaces
Flexible Commercial 1 Zone suitable for residential, commercial or mix-use development outcomes (STCA)
Immediate proximity to Murrumbeena Train Station and only 1.5km* from Chadstone Shopping Centre
Outstanding retail amenity situated along the bustling Neerim Road retail strip, home to all essential and boutique retail and dining options
Murrumbeena has a strong demand for housing in the suburb, underpinned by a median house price of $1,650,000^

*Approximate ^***

To obtain further information, or to arrange an inspection, please contact the exclusive selling agents.

Savills agents:
Tanya Su - 0430 302 950
Julian Heatherich - 0412 995 655
Beau Bakhtani - 0412 159 038

In Conjunction with Stonebridge Property Group:
Julian White - 0422 764 137
Andrew Milligan - 0421 559 992
Chao Zhang - 0411 625 068