Prized Bayside Development Opportunity
SOLD!
Savills are pleased to offer for sale this high profile bayside landholding in what is one of Melbourne’s most highly sought after development catchments. With a prominent frontage to Como Parade West, this prime development opportunity lends itself to multiple future uses, as well as providing potential for prospective owner occupiers alike.
The key attributes of the property include:
• Significant bayside landholding of 4,765sq m*
• Large medical building of 3,500sq m*
• Short term Lease to Calvary Healthcare (2 years plus 2 x 6 month options)
• Current Rental: $550,000 per annum* + GST
• Extensive Como Parade West frontage of 50m*
• General Residential Zone 2 offering various development outcomes (STCA)
• Direct proximity to Parkdale train station and retail precinct
• Exceptional position within one of Melbourne’s most tightly held bayside suburbs serviced by extensive lifestyle and retail amenity
The opportunity to secure such a high calibre suburban development is extremely rare, especially when you consider the strong rental return, high quality tenant and the substantial size of the landholding. Accordingly we encourage prospective purchasers to actively consider this prime opportunity.
EOI Closed - Offers Under Review
Julian Heatherich - 0412 995 655
Clinton Baxter - 0413 569 888
Benson Zhou - 0458 488 888
*Approx
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