NEW DEVELOPMENTS, DEALS
Large cleared Balwyn site, ideal for multi-dwelling project, hits the market
Posted by Development Ready on Feb 01, 2019

30 Relowe Crescent, Balwyn, Victoria, 3103
Developers and investors; take note. This newly listed development opportunity in Melbourne’s inner-east is a rare offering deserving of your attention.

Tony Kwan and Steve Dardamanis of Noel Jones Box Hill are exclusively marketing this significant opportunity to the fresh 2019 market. The offering encompasses a sizeable 1,170sqm regular shaped block of land, ideally positioned to accommodate up to four dwellings.

With a street frontage stretching 21 metres, and an enviable Balwyn address, there exists multiple design and configuration options worthy of exploration.

“The land is underpinned by a great location, being only a short walk to Belmore Road Village shopping centre, and convenient access to Balwyn, Box Hill and Doncaster shopping centres. Other desirable suburban amenities are plentiful nearby too. There are an abundance of parks and recreational facilities, plus an array of excellent schools including a Tafe College, Koonung Secondary School, Mont Albert Primary and public transport options. Balwyn lies everything at your feet, while maintaining freedom to come and go with ease.” Tony Kwan Noel Jones Box Hill.

Steve Dardamanis noted that the site is expected to draw serious enquiries from experienced and intuitive developers and investors. “In many ways that site is a blank canvas, offering a number of possible projects. There is real value to be taken advantage of here and we think developers who bring an astute sense of creativity and industry know-how will see some incredible rewards.”

Summary:

  • Highly valuable land holding of: 1,170sqm
  • 21m street frontage
  • Flexible options (STCA) for multi-residence development or luxurious town residences
  • Located in close proximity to an incredible array of desirable amenities
  • Balwyn Median house price is currently $2,390,000 (Core Logic)

Please note that all financials, measurements and distances quoted are approximate only.

30 Relowe Crescent, Balwyn, is For Sale by Fixed Date: Monday 6pm 18 February 2019.
$2.5 - $2.7 million asking price.

For further information, please contact Noel Jones
Box Hill
Tony Kwan: 0422 876 886
Steve Dardamanis: 0407 120 465



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