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306-308 Clayton Road, Clayton, VIC, 3168

2. Property Highlights

First time offered for sale in 67 years
  • First time offered for sale in 67 years
  • Multi-storey development potential
  • Quality improvements with excess land

Colliers are delighted to offer a prominent building in the heart of one of Melbourne’s most popular retail strips, Clayton Road, Clayton.

The current double storey retail premises with dual frontage, provides high quality improvements, allowing a unique opportunity for owner occupiers and/or investors. The property also features 12 valuable on-grade car parks to the rear.

Possessing a Commercial 1 Zoning the property is located in the Clayton Activity Centre which prescribes a preferred height limit of 8 storeys (STCA). Given the unique position the property is suited to a multi-storey development incorporating residential, hotel, office and retail (STCA).

The key highlights for this opportunity include:

- Expansive site area of 604m²* with two street frontages

- Prominent two storey retail building of 300m²* with vacant possession, suited to owner occupiers, investors and/or developers

- 12 on-grade car parks via rear access

- Significant redevelopment potential with preferred height of 8 storeys under the Clayton Activity Centre

- Highly sought-after, tightly-held location 20 kilometres* from the Melbourne CBD

- Close proximity to significant infrastructure expenditure, including Suburban Rail Loop (SRL) East and Clayton underground train station

- Surrounded by plethora of popular, national tenants including Westpac, Commonwealth Bank, Chemist Warehouse, Coles, Hong Kong Supermarket, M-City and Ikea

- Incredibly well connected to major arterials and public transport, including only 100m away from Clayton train station with bus stop immediately outside the property

- Close proximity to Victoria’s largest public health service HQ, Monash Health as well as the world-renowned Monash University Clayton Campus,

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3. Property Location

306-308 Clayton Road, Clayton, VIC, 3168