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Sixth Ave Estate, 15 Sixth Avenue, Chelsea Heights, VIC, 3196

2. Property Highlights

A PRIME 2.15HA RESIDENTIAL & CHILDCARE OPPORTUNITY

Melbourne Acquisitions is pleased to offer an exceptional opportunity to acquire the Sixth Ave Estate, a rare suburban medium density site in rapidly emerging Sth East bayside location with plans and permit for ready for realisation.

The property has endorsed plans and permits for 59 double storey homes plus a childcare centre for 148 places with on grade parking (no basements).

STAGE 1 & 2 - Residential site (Land area 1.8ha*)

Approved Residential development comprising 59 double storey homes
(21 x 2bed, 27 x 3bed, 11 x 4bed).

STAGE 3 - Childcare site (Land area 2,709m2*)

Approved two storey childcare centre designed by Point Architects comprising building area of 1,440sqm* with exceptional indoor and outdoor areas and 33 car parks.

KEY FEATURES INCLUDE:

- Staged development opportunity with dual frontages
- All necessary and relevant planning approvals in place
- Vacant cleared land ready to commence development
- Opportunity capitalise on undersupply in current market
- Median house price past 12mths $905,000^
- Land area 21,550m2* or 5.3 acres*

One of the last remaining undeveloped sites of this scale within an established, tightly held, highly sought after and proven residential bayside market with minimal new supply or competing similar scale developments in immediate vicinity.

Ideally positioned, to Mornington Peninsula freeway 650m, Chelsea Train Station 2.5km and Chelsea Beach 2.8km, Edithvale Public Golf Course 3.2km, Patterson River County Club 5.2km and Patterson River 5.7km, Melbourne CBD 31.4km, Dandenong 13.7km, Frankston 11.3km and Mornington 23.8km.

Surrounding Education facilities include Chelsea Heights Primary School 350m and St Joseph's Catholic Primary School 2.9km.

This is a genuinely impressive and substantial landholding with everything Kingston LGA has to offer within easy access and close proximity.

To request further information, a copy of sales documents or to arrange an inspection, please contact the exclusive selling agents.

*Approx.

^REA 04 Jan24

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3. Property Location

Sixth Ave Estate, 15 Sixth Avenue, Chelsea Heights, VIC, 3196

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4. Due Diligence

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Sixth Ave Estate, 15 Sixth Avenue, Chelsea Heights, VIC, 3196 Chelsea Heights
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