savills, significant melbourne development opportunities hit the market.

savills, significant melbourne development opportunities hit the market.

April 2017
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Savills, Significant Melbourne Development opportunities hit the market.

For the insightful investor looking to capitalise on key Melbourne locations, the Savills, Commercial Sales Team have for sale a collection of significant Melbourne development sites. Locations include the premium suburbs of Armadale and Carnegie plus the ever-growing western corridor of Werribee - each of these sites offer a number of development options. Here’s a brief overview:


This premium up-market retail freehold has outstanding development potential (STCA). With a flexible Commercial 1 Zoning combined with a large valuable land area of 809sqm, its location in the heart of High Street Armadale (20 sqm frontage) makes this site an exceptional investment opportunity. A short-term lease-back is available. 

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With a total land area of 1,267sqm this really is a significant development opportunity within Carnegie’s proven and sought after residential market – just 8kms from Melbourne’s CBD. Zoned, General Residential Zone 2, its sizable 40m frontage is ideal for a multi-level development of various options (STCA). Positioned in a quiet street, opposite Carnegie Primary School and only a short walk to various retail precincts and public transport - including Carnegie Train Station, Koornang Road trams and buses. 

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This significant 132HA development site is currently zoned as Urban Growth Zone 6. Offering vast development potential with options aplenty (STCA) or as a valuable landbank opportunity.  Positioned in one of Melbourne’s most prominent growth locations close to substantial retail, education, parkland and the Wyndham Vale Train Station. 

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"The locations of all these development sites have a track record of attracting strong buyer demand. Importantly they all offer proximity to transportation, retail, parkland and community amenities. For prospective purchaser’s these factors represent key investment benchmarks.”  Nick Peden, Savills. 

For additional information on any of these Savills featured properties, please contact:

Nick Peden - 0402 011 266
Jesse Radisich - 0402 085 702
Julian Heatherich - 0412 995 655
Clinton Baxter - 0413 569 888
Benson Zhou - 0458 488 888 
Kosta Filinis - 0448 500 999