significant corner landholding – permit approved for 31 apartments + retail

significant corner landholding – permit approved for 31 apartments + retail


May 2017
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SIGNIFICANT CORNER LANDHOLDING – PERMIT APPROVED FOR 31 APARTMENTS + RETAIL

Located just 9km north of Melbourne's CBD, this significant landholding of 1,138 sqm is a fantastic development offering from the CBRE team of Julian White, David Minty and Leon Ma.

This exceptional corner site on four separate titles is positioned in the sought-after Pascoe Vale neighbourhood. With an Approved Permit, the configuration consists of 31 mainly two and three bedroom high quality apartments over four levels plus ground floor retail.

Overall, this Pascoe Vale South site is perfectly located in very close proximity to retail and dining on Bell Street, Cumberland Road and surrounding Coburg and Coburg North activity precincts. Additionally, this location also offers excellent educational options, parks and recreation plus first-rate transport links to Melbourne CBD via Melville Road trams, Pascoe Vale Train Station or via the City Link Freeway.


With a highly desirable land size, this site’s dimensions, plans and Approved Permit all represent great upside for the investor looking to capitalise on one of Melbourne’s premier northern suburbs – Pascoe Vale properties have experienced sizeable price grown in recent times and currently attract a median house price of $935,000 (Core Logic)


" This Pascoe Vale South site is a superb location for a commercially viable development opportunity. With its Approved Permit, proximity to Melbourne’s CBD, abundance of nearby lifestyle choices plus the location’s increasing buyer preference, we expect interest to be solid " Julian White, CBRE.

Summary:

- Valuable corner land holding of 1,138 sqm
- Approved permit for 31 apartments over 4 levels plus retail
- In the growth suburb of Pascoe Vale South
8km to Melbourne CBD
- Nearby retail & dining amenity on Bell Street, Cumberland Road & surrounding Coburg &  Coburg North activity precincts
- Surrounded by primary & secondary schools, including Pascoe Vale & South Primary, Antonine College & Pascoe Vale Primary 
- Excellent transport links to the Melbourne CBD via Melville Road trams, Pascoe Vale Train Station or via the City Link Freeway
- Quality existing improvements – one house plus adjacent commercial tenancies

432 -438 Bell Street Pascoe Vale is for Sale via Public on-site auction on Friday 9th June at 12.30pm

For further information please contact the CBRE Victorian Development Sites Team to register your interest.

Julian White:                       +61 422 764 137
David Minty:                        +61 422 564 199
Leon Ma:                             +61 417 070 725

Or Visit: https://www.developmentready.com.au/properties/432...