Chadstone is rapidly evolving into a retail destination destined for the world stage. Plans were revealed recently by Vicinity for a $685 million redevelopment of the Chadstone Shopping Centre. The plans will continue enhancements and cement its status, as Vicinity’s Chief Development Officer Carolyn Viney has stated, “as one of the world’s leading integrated lifestyle destinations” with more than 24 million visitors a year.
The timing for new development projects in the immediate surrounds of this impressive multi-dimensional retail complex – is now. Thankfully the search has been made easy, with the team from Knight Frank coming to the market with a remarkable 3,542sqm site that sure to entice any well-informed developer or investor.
14-16 Atkinson Street in Chadstone, will be going under the hammer at 12pm on Friday 27 March 2020 – unless sold prior. Be sure to enquire promptly to arrange an inspection.
“This is a huge opportunity,” selling agent Tim Grant commented.
“The property encompasses over 3,500sqm of land and provides an exceptional blank canvas development site just a stone’s throw from the world renowned Chadstone Shopping Centre.”
The Atkinson Street site benefits from flexible General Residential Zoning, which could allow a multitude of development options; in particular residential and aged care development potential (STCA).
The property is situated within close proximity to Holmesglen Train Station, with numerous buses also servicing the area. A number of schooling options are also nearby; including Salesian College, St. Mary's Magdalen's and Mount Waverley Heights Primary School.
Knight Frank agent Ed Wright noted the properties suitability towards aged-care, stating that “this is a flexible corner allotment with favourable planning and demographic considerations that support several development outcomes – in particular retirement and aged care accommodation.”
- 3,542sqm corner site
- Dual frontage of 101m to Timmings Street and Atkinson Street
- Flexible General Residential Zone Schedule 2; multiple development options
- Situated within close proximity Chadstone Shopping Centre and Holmesglen Train Station
- Within walking distance to schools such as Salesian College, St. Mary's Magdalen's and Mount Waverley Heights Primary School
- Impressive residential and aged care development potential
- Excellent access to all major arterial roads and only 14km from Melbourne CBD
*Please note that all financials, measurements and distances quoted are approximate only.
14-16 Atkinson Street, Chadstone, VIC, 3148, is offered for sale via Auction at 12pm on Friday 27 March 2020.
Enquire today to receive further detailed information.
Please contact the Knight Frank Melbourne team and mention Development Ready.
Tim Grant: +61 478 666 275
Ed Wright: +61 421 213 021
Tom Ryan: +61 419 786 244