CBRE November ‘Auction Day’ – 7 Development Sites to go Under The Hammer

CBRE November ‘Auction Day’ – 7 Development Sites to go Under The Hammer


October 2017
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CBRE November ‘Auction Day’ – 7 Development Sites to go Under The Hammer

Seven development sites will go under the hammer at CBRE’s next Victorian Development Sites Auction Day event in November. The seven sites are located in Melbourne’s popular inner south and eastern suburbs, including South Melbourne, Glen Iris, Doncaster East, Box Hill South, Templestowe Lower and Templestowe – with each carrying a price expectation upwards of $2.5million

Total site sizes range from 722sqm to 3,091sqm, and suit a variety of development outcomes including apartment, townhouse, aged care and commercial, with the Templestowe Lower, Box Hill South, and both Glen Iris sites offering prospective buyers permit approval. CBRE State Director of Victorian Development Sites Julian White said the November Auction Day will appeal to wide range of developers of varying product types looking for quality in-demand locations for their next project.

“The south and eastern suburbs of Melbourne are Victoria’s most established and populated housing markets. They are under constant pressure by demand for a range of residential accommodation, evidenced by continual median house price growth,” Mr White said.

The sites listed for sale are as follows:
 

NOVEMBER AUCTION DAY

Land size

 Summary/ permit

195-197 Manningham Road, Templestowe Lower

1,536sqm

Corner site permit approved for 26 residences

156 Elgar Road, Box Hill South

722sqm

Permit approved for 21 apartments

39 Greenridge Avenue, Templestowe

3,091sqm

Existing 27 x 1 bed units

184-186 Tooronga Rd, Glen Iris

1,483sqm

Permit approved for 27 apartments

23, 25 & 27 Ireland Avenue, Doncaster East

2,307sqm 

Existing 3 houses

31-41 Buckhurst Street, South Melbourne

 1,000sqm 

Existing dual office/ warehouse across two titles

1579 Malvern Road, Glen Iris

885sqm

Corner site permit approved for 23 apartments

The November Auction Day will take place at the Caulfield Park Bowling Club on Thursday 16th November at 12.30pm.

CLICK HERE TO VIEW PROPERTIES. 

Proudly supported by Development Ready. 

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