Significant Development Opportunity – Mt Waverley

Significant Development Opportunity – Mt Waverley


July 2017
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Significant Development Opportunity – Mt Waverley

Only 16 km south-east from Melbourne's CBD, this perfectly positioned Mount Waverley land holding of 3,352 sqm is justifiably a high-quality development prospect. Marketed by the Colliers International team of Jeremy Gruzewski and Ted Dwyer, this site is well suited for an impressive residential/townhouse development or alternative uses such as childcare, aged care etc. (STCA). Stunning CBD views are obtainable from an elevated position.
This first-rate site has a General Residential Zoning status. Its large rectangular allotment of 3,352m² has a significant frontage of 67m to High Street Road and is surrounded by an abundance of transport and lifestyle amenity plus numerous education facilities. In addition, it has great accessibility to an array of retail amenity including Mount Waverley Village Shopping centre and more. A big plus for prospective developers is that existing improvements can provide essential holding income while permits are sought. 

"Mount Waverly is an acknowledged locality for developers searching for an opportunity to benefit from high buyer demand – its median house price is $1,320,000 (Core Logic). This site provides the ideal opportunity to construct an array of projects (STCA) - sites like this are a prized investment and we expect a high level of interest” -  Jeremy Gruzewski, Colliers International.

Summary:
- Highly valuable landholding of 3,352sqm 
- Flexible development options (STCA) 
- General Residential Zone 
- 16 km south-east from Melbourne's CBD
- Surrounded by lifestyle amenity plus numerous education facilities 
- Proximity to two train stations, Mount Waverley and Jordanville
- Mount Waverly has a median house price of $1,320,000 (Core Logic)
- Existing improvements can provide holding income while permits are sought
Please note that all financials, measurements and distances quoted are approximate only.

426 & 428-434 HIGH ST ROAD, MOUNT WAVERLEY is For Sale by EOI Closing Thursday 3rd August at 3pm.

For further information, please contact Colliers International:
Jeremy Gruzewski: +61 422 211 021
Ted Dwyer: +61 411 312 165

Or Visit: https://www.developmentready.com.au/properties/426-428-434-high-street-road-mount-waverley-vic-3149 

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