Gross Waddell ICR is delighted to present for sale 96-98 Morang Road, Hawthorn, an exceptional development opportunity located on the banks of the Yarra River. This exclusive location offers the embodiment of luxury living for any future residential development (STCA).
Exclusive river front development opportunity located in one of Melbourne's most luxurious inner-city suburbs
Substantial corner landholding of 1,195 sqm* with dual access from both Morang Road and Glan Avon Road
Favourably zoned General Residential Zone (GRZ3), providing inherent development potential post lease expiration (STCA)
Short-term holding income with leases in place to 3 tenants
Conceptual plans for 7 oversized apartments (STCA) ideally suited for astute owner occupiers or downsizers
Proximity to world class developments achieving sales rates up to and in excess of $25,000 per sqm
Nestled within one of Melbourne's most prestigious suburbs with a burgeoning median house price of $2,800,000 (source REIV)
Ideal connectivity with tram stops merely 125 m* from your door step and Hawthorn train station only 500 m*
Surrounded by a plethora of Melbourne's elite private schools including Melbourne Girls College, Scotch College and St Kevins College
Within immediate proximity to thriving retail precincts including Burwood Road (550 m*), Glenferrie Road (1.1 km*), Bridge Road (1.25 km*) and Church Street (2.25 km*)
The property is for sale via an Expression of Interest campaign closing at 3:00 pm on Thursday the 5th of September 2024. For further information or to discuss this development opportunity further, please contact the team at Gross Waddell ICR directly.
*approx.
