Weekend Review - Victorian Development Opportunities

Weekend Review - Victorian Development Opportunities


March 2017
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Weekend Review - Victorian Development Opportunities

Within the past week or so, a number of new development opportunities catering to varying developer appetites and investment requirements have been listed across Development Ready.

Below is a selection of recent Victorian opportunities to consider over the course of the weekend;

188 - 192 Grimshaw Street, Greensborough

Positioned on an attractive corner site of some 1,340sqm, Grimshaw Street presents with endorsed council approval for 11 x 2 bedroom architecturally designed units appealing specifically to astute builders, early stage developers or investors seeking a project in an area of Melbourne that appeals to a broad buying demographic.

Offering a selection of 4 clever designs, each of which incorporate efficient living plans, well proportioned bedrooms, hostess kitchens and exceptional use of natural light, this project offers the balance of delivering a boutique project with minimal risk.

Listed exclusively through Barry Plant Bundoora, further information is available here.

33 Arthur Street, Eltham

An exceptionally rare 990sqm allotment in booming Eltham provides an opportunity for both astute developers and investors to capitalise on an area undergoing significant change and transformation, with a boutique project boasting approved plans and permits for a mix of 15 luxury apartments on offer.

Distributed across three levels, Arthur Street features 14 x 2 bedroom and 1 x single bedroom apartments within metres of an array of supermarket, retail and transport linkages.

With the land already cleared and ready to go for development, this is one not to miss.

Offered through Morrison Kleeman, further information is available here

29 Paramore Road, Rosebud

With the Mornington Peninsula continuing to evolve courtesy of an ever increasing population of re-locators and holiday home investors, Paramore Road offers plans and permits for 6 units on it’s enormous 2,000sqm land parcel.

Nearby amenities include the glorious stretch of Port Philip Bay coastline from Mount Martha and beyond toward Portsea and Sorrento, in addition to the McCrae Plaza, regular bus services and retail / cafe’s that dot along Nepean Highway / Point Nepean Road.

Max Brown has the listing, with further information available here.

303 McKinnon Road, McKinnon

Presenting with approved plans for two street front residences, McKinnon Road offers 610sqm of prime Inner-Melbourne land that takes full advantage of the area’s local amenities including highly rated parks and reserves, educational institutions and high-school zoning boundaries.

Existing plans showcase two architecturally designed homes specifically designed to maximise park views and Northern sun, whilst also offering multiple living areas, generous garaging and easy-care private, open spaces.

Offered through Barry Plant Mordialloc, further information is available here.

2-4 Delmore Crescent, Glen Waverley

As developer demand for townhouse product escalates throughout metropolitan Melbourne, competition is rife for opportunities that feature existing approval and are well positioned within affluent suburbs wherein premium prices can be sought for homes.

Delmore Crescent fulfils both of these briefs, representing one of Glen Waverley’s most appealing opportunities currently available on the market. This magnificent project offers 1,700 sqm of land to capitalise on existing approval for 6 high-quality townhouses, each of which will be positioned within local school zones.

Local infrastructure continues to be a feature of this location, with public transport linkages via both bus and rail services in place, in addition to acclaimed international shopping, dining and sporting precincts marking Glen Waverley a lifestyle destination.

Barry Plant Glen Waverley has the listing, with further information available here.

29 Burrows Avenue, Dandenong

Featuring 713sqm of land, Burrows Avenue presents as a project in which all the necessary work has already been completed, affording developers the opportunity to commence their next project almost immediately.

Approved Council plans and permits are already in place, with engineering drawings also approved for 4, well proportioned and designed townhouses in another of Melbourne’s growing commercial and employment hubs.

Located within a short distance from Dandenong Hospital, Chisholm TAFE, Dandenong Plaza/Market, public transport, local schools, local shops, recreational facilities, freeway access and all that Dandenong has to offer.

LJ Hooker Endeavour Hills & Dandenong have the listing, with further information available here.

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