96-98 Morang Road Hawthorn VIC 3122

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 & 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*)

For further information or to discuss this development opportunity further, please contact the team at Gross Waddell ICR directly.

*approx.