development site roundup: stonnington

development site roundup: stonnington


February 2016
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Development Site Roundup: Stonnington


As an additional service to our clients & users, Development Ready will be producing a weekly snapshot of the best development sites for sale throughout Melbourne, focusing on one precinct / district each week.

This week, we look at a number of magnificent opportunities throughout the Stonnington precinct. 






1789 - 1793 Malvern Road, Glen Iris

CBRE has the listing for this huge 1734sqm development sites that sees approval for 23 luxury apartments across a boutique four level complex in the heart of one of Melbourne’s most highly acclaimed suburbs.

Superbly located on a quieter section of Malvern Road, this project sits within immediate proximity to numerous local amenities such as the High Street retail precinct, as well as Caulfield Grammar Primary School, Korowa Girls School, Sacre Coeur School, and Glen Iris Railway Station.

Developers can benefit from short-term holding income generated through the two seperate titles that are on offer, whilst future residents can benefit from strong transport links and a mere 12km journey into the thriving Melbourne metropolis. 

Scheduled for on-site auction on Thursday 3rd of March at 2.30pm.

For further information, please visit:

http://www.developmentready.com.au/properties/1789-1793-malvern-road-glen-iris-vic-3146 


The Botanic Portfolio, South Yarra

In perhaps the rarest development offering for the year so far, The Botanic portfolio sees three luxurious South Yarra land holdings totalling an enormous 2655sqm offered via Expressions Of Interest.

The three properties, 30 Anderson Street, 25 - 29 Kurneh Street & 216 - 218 Domain Road are all situated in an absolute blue chip location with potential buyers having the flexibility to purchase one or more of the sites.

The Domain Precinct itself is widely regarded as one of Melbourne’s most in demand and premium districts, with the busy Domain Road offering numerous gourmet eateries, whilst the nearby Botanic Gardens boasts huge outdoor spaces to enjoy a magnificent Melbourne afternoon in the sun. 

For further information, please visit:

http://www.cbremelbourne.com.au/properties/melbourne-cbd-and-cbd-fringe-development-sites/the-botanic-portfolio/


1546 High Street, Glen Iris

Melbourne Acquisitions has this 800sqm holding within the tightly held Inner East locale that constitutes Glen Iris.

Boasting an 18.28 metre wide street frontage complete with the flexibility of rear lane access, this rare site would suit both small and medium scale developers looking to capitalise on strong demand and premium apartment prices in the region.


599 & 601 Dandenong Road, Armadale

This dual development site to be sold in one line presents as a 970sqm project in Armadale - notorious for having an undersupply of stock and a pent up demand from buyers looking to enter the exclusive suburb.

Boasting short-term income of $90,000 per annum, this quality offering sits within close proximity to a number of retail precincts, universities, parks and transport links via road, tram and rail.

Offered for auction on Thursday 25th of February at 1pm, Melbourne Acquisitions has the listing.


6 Chester Street, Glen Iris

As one of only a handful of sites in the Stonnington precinct with endorsed plans, this 710sqm site presents as an exceptional development opportunity to take advantage of the existing permits for two luxurious townhouses. 

Situated within walking distance to nearby Toorak Road, this boutique development would suit those looking for a high-end build in order to capitalise on the premium locale and demand from both owner occupiers and overseas investors.

The site currently features a renovated three bedroom Californian Bungalow, which, in and of itself offers investors an ideal holding investment to capitalise on strong rental potential during the short to medium term.

For further information, please visit:

http://www.vicprop.com.au/listings/residential_sale-673189-glen-iris/


Image Courtesy: Jellis Craig