JLL Development Site Services with Transaction Manager Relae Property is privileged to present for the first time in over 60 years this extraordinary, permit approved landholding, located at 219-229 Balaclava Road, Caulfield North.
Key details of the opportunity include:
+ A truly rare, north-facing 1,060sqm* landholding with protected views over Caulfield Park and towards the CBD.
+ Exceptional permit in place for a 7-level mixed-use project designed by renowned CHT Architects
+ Flexible Commercial 1 Zone providing scope for a range of alternate development outcomes (STCA).
+ Flexible and high-quality existing improvements across 1,358sqm* of building area.
+ Short-term holding income of approximately $255,000* per annum.
+ High-profile 23m* street frontage to Balaclava Road providing direct Caulfield Park exposure and a high level of development and design flexibility, coupled with side and rear access.
+ A highly connected and convenient location with tram and bus stops along Balaclava and Hawthorn Roads, and both Caulfield & Malvern Train Stations moments away.
+ A truly remarkable location, directly opposite picturesque Caulfield Park and serviced by both Caulfield/Malvern retail precincts in direct proximity
+ Caulfield North is an affluent inner south-eastern suburb with a median house price of $2,500,000^
*Approx.
^ PropertyValue
https://www.propertyvalue.com.au/suburb/caulfield%20north-3161-vic
To obtain further information or to arrange an inspection, please contact the selling agents below.
JLL
Jesse Radisich | 0402 085 702
Josh Rutman | 0411 27 37 46
MingXuan Li 李名轩 | 0498 688 998
Maddie Pizzey | 0439 193 997
· Direct park fronted, north facing landholding
· Permit approved for a 7-level mixed-use project
· Quality existing building + income
Remember to mention you found this property on DevelopmentReady
