Permit Approved with Stunning Designs: High Profile Glen Iris Apartment Opportunity

Permit Approved with Stunning Designs: High Profile Glen Iris Apartment Opportunity


March 2019
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Permit Approved with Stunning Designs: High Profile Glen Iris Apartment Opportunity

This newly listed property, in one of Melbourne’s most commanding inner-east suburbs, has the star aligned and every box ticked; the only thing missing is the right developer to take it to the next stage.

This significant amalgamated property encompasses 2,123sqm and is to be sold with approved plans and permits for 28 expansive apartments; with an average dwelling size of 98sqm*. The team at Jones Real Estate are exclusively responsible for bringing 1757-1767 Malvern Road to the market; enquire today to receive an information memorandum and to submit best offers.

“Glen Iris is renowned for tree lined streets, period architecture and exceptional city access. Its prestige is continually growing, and with it, a demand from owner occupiers seeking private boutique developments.” Selling agent Paul Jones commented.

“This project ticks all the boxes and offers exquisite, pre-approved designs by Cera Stribley Architects for 28 expansive apartments.”

While the property is ready to develop today, it also benefits from holding income and a four-year commencement notation, if the new owners choose to delay construction. Glen Iris currently has a median house price of $1,820,000 (Core Logic).

Jones Real Estate agent Tim Spargo added that, “sites of this size, scope and position are growing rarer and rarer. Glen Iris is a AAA location close to Melbourne's top schools, essential and boutique retail, fine dining and green spaces; and this property is just 300m from Glen Iris Train Station.”
 

Summary:

  • 2,123sqm land area
  • Triple fronted site with 52m of Malvern Road exposure
  • 10 KMS form Melbourne CBD
  • Plans & Permit Approved for 28 expansive apartments (Cera Stribley Architects)
  • Develop now or land bank for the future (4-year commencement notation)
  • 300m walk to Glen Iris Railway Station, Tram Stop and Bus Depot

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

1757-1767 Malvern Road, Glen Iris, is to be sold by best offer. Enquire today to receive a copy of the information memorandum and to discuss purchase terms.

 For further information, please contact Jones Real Estate

Paul Jones: +61 488 779 749
Tim Spargo: +61 402 747 030

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