Administrators’ Sale - Portfolio of Eastern Melbourne townhouse sites hit market


Administrators’ Sale - Portfolio of Eastern Melbourne townhouse sites hit market

For Sale - 27 Box Hill Crescent, Mont Albert North, VIC

May 17, 2021 

Administrators, from Cor Cordis, have appointed Stonebridge Property Group to manage the sale of three (3) high quality infill townhouse development site opportunities across Melbourne’s eastern suburbs.

Partner and appointed Administrator from Cor Cordis, Sam Kaso, said “purchasers can acquire a single site, all three sites or any combination, with each property providing diversity in its offering”.

The three sites, zoned for residential development, have land sizes between 671sqm and 2,176sqm, and are anticipated to generate interest from townhouse developers and builders.

27 Box Hill Crescent, Mont Albert North and 79-81 King Street, Templestowe are both permit approved corner landholdings for townhouse development of two (2) and ten (10) townhouses respectively. Whilst 6 Malcolm Crescent, Doncaster is improved with four (4) majority complete townhouses and provide the opportunity to complete the build and then sell or retain as an investment.

Partner of Stonebridge Property Group, Julian White, who will manage the sale program with colleagues, Dylan Kilner & Chao Zhang, said “we are expecting strong interest in the sites given the current strength of the residential market, which has demonstrated very healthy median house price growth throughout 2020, with the major banks all predicting further market rises this year”.

The properties will be marketed for sale via an expressions of interest campaign closing 17th June 2021.

The property addresses are as follows:

Eastern Melbourne townhouse sites

For Sale - 6 Malcolm Crescent, Doncaster, VIC

Eastern Melbourne townhouse sites

For Sale - 79-81 King Street, Templestowe, VIC


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