Armadale Development opportunity set to generate significant developer interest

Armadale Development opportunity set to generate significant developer interest


November 2016
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Armadale Development opportunity set to generate significant developer interest

On offer is 1,263 square meters of prime Melbourne real estate located in the cosmopolitan suburb of Armadale, less than 10km south-east of the CBD.



Located in the residential growth zone allowing for a four-level development opportunity subject to council approval. With well-known retail and dining a stones’ throw away on High St and boasting a medium house price of some $2million plus, this opportunity is one of the best on offer in 2016.


Managed exclusively by Julian White, David Minty & Nathan Mufale of CBRE – Melbourne, this outstanding opportunity is expected to generate significant local and off-shore interest. 


Summary


- Exceptional 1,263sqm* Armadale landholding over two titles plus rear laneway access


- Highly favourable residential growth zone allowing for a four (4) level development (STCA)


- High quality existing residential improvements offering potential holding income


- Superior inner-east Melbourne location with strong sales confidence and median house price of $2,020,000** in Armadale


- Retail and dining amenity offered at nearby Malvern Central (350m*) plus Glenferrie road, Malvern retail village


- Excellent local amenity with picturesque Caulfield park only 700m* away, renowned Cabrini Hospital 950m* and Monash university 2km*


 - Direct access to Melbourne CBD with Malvern train station only 600m* or the 64 tram route on your doorstep, plus the Monash freeway

- For sale via public on-site auction Tuesday 6th of December 2016 at 2.30pm


For more information, please contact the CBRE Victorian Development Sites team:


Julian White


+61 422 764 137


David Minty


+61 422 564 199


Nathan Mufale


+61 416 789 218



Or visit: https://www.developmentready.com.au/properties/551-and-... 


 

*approx


**Source: Real Estate Institute of Victoria



 

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