Colliers is pleased to present 'Ashwood Commons' 615 Warrigal Road, Ashwood For Sale via Expressions of Interest closing Thursday 3 October 2024 at 2pm (AEST).
'Ashwood Commons' presents an incredible opportunity for residential-led urban renewal in one of Melbourne's popular southeastern suburbs. The existing permit paves the way for a diverse Mixed-Use development that includes residential, hotel, serviced apartments, commercial offices, and retail.
This supersized opportunity of 1.49ha* will offer a truly suburb-defining development that will provide a high-quality residential outcome to a suburb in high demand.
The tightly-held suburb of Ashwood is only moments to major retail, dining and recreation hubs in neighbouring Glen Waverley, East Malvern, Ashburton and Chadstone. Ashwood is located in one of Melbourne's most sought-after residential corridors surrounded by prominent suburbs with high growth median house values.
Key site highlights include:
- Approved planning permit for a range of uses including residential, hotel, serviced apartments, commercial offices and retail
- Flexible Mixed-Use Zoning
- Super site of 1.49 ha* allowing for a development of scale
- Exceptional view lines available, including Melbourne CBD and Malvern Valley Golf Course
- Sought-after south eastern location with abundant parklands, convenient access to top-performing universities, Chadstone Shopping Centre and the charming Ashburton Village.
- Total permit approved GFA of 87,070 sqm*
- Current permit allows for 44,552 sqm* GFA across residential, hotel and serviced apartments with 443 units* total
- Current permit allows for 1,051 sqm* NLA of retail and 5,503 sqm* NLA of commercial
- The approved permit also includes 676 parking spaces & 411 bicycle spaces*
The strong demand for the immediate area is underpinned by the following lifestyle fundamentals:
- The site is adjacent to Holmesglen Train Station and offers direct access to Melbourne's CBD in just under 20 minutes*. Gardiners Creek Trail also provides a seamless journey to the city for cyclists. The area is also well-serviced by Monash Freeway and bus routes along High Street, Highbury Road, and Warrigal Road, offering access to wider suburbs
- The property is conveniently located just 8 minutes* from Chadstone Shopping Centre, the largest shopping centre in Australia
- The site is serviced by ample higher education options with nearby institutions such as Monash University and Deakin University and Holmesglen Institute
- Ashwood is best known for its abundant greenery, golf courses and leafy parklands, with its wetlands, community gardens and many reserves the centre attraction of the suburb
Ashwood Commons represents an outstanding Mixed Use development opportunity to be delivered into an eager south east Melbourne market.
For further information, please contact the selling agents at Colliers
Alex Browne - 0418 350 545
Jozef Dickinson - 0402 678 888
Aaron Choong - 0430 661 177
*Approx
