Colliers is pleased to present 'Eastern Hill' 301 Burwood Highway, Burwood For Sale via International Expressions of Interest closing Friday 11 October 2024 at 2pm (AEDT).
Atop of a 3.37ha* site, Eastern Hill presents an opportunity for a development of scale within Melbourne's east. Underpinning the asset's value is the immense redevelopment and regeneration potential within such a strong inner eastern location of Melbourne. Burwood is an easily accessible, economically diverse and established location that has forever lived up to its nature of a quiet, leafy residential suburb that has evolved into a vibrant employment and student hub off the back of the significant expansion of Deakin University.
A booming hub for living, education, and business, Burwood is part of the rapidly growing middle-ring precinct. It is incredibly well-serviced to serve students, home buyers, an ageing population, and the commercial needs of a growing suburb.
Key site highlights include:
- Completed in 1991, this prominent corner site is home to a campus style office park that comprises approximately 19,578m2* of office NLA together with significant car parking both at grade and within a two-decker car parking building with a total of 968 car parking bays.
- Significant land holding that is ideally suited to arrange of outcomes that could include full redevelopment, repurposing and/ or a combination of both.
- Strategic location that would suit alternate asset classes such as education, life sciences, aged care, medical and retirement.
- Easy and direct access to public transport and major upside with the Suburban Rail Loop planned to intersect Burwood at Deakin university.
- Good current income with significant upside and value add-opportunity.
- Eastern Hill provides a rare opportunity to secure a quality asset with excellent upside and development potential in one of Melbourne's the most established and sought-after eastern suburban locations.
- NABERS rating - Building 1: 4.5 Stars & Building 3: 3 Stars.
For further information, please contact the selling agents at Colliers
Alex Browne - 0418 350 545
Jozef Dickinson - 0402 678 888
Ian Sanders - 0402 893 070
Thomas Blencowe - 0401 197 122
Yvonne Zhou - 0415 100 831
*Approx
**Outlines are indicative
