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SOLD

551 and 553 Dandenong Road, Armadale, VIC 3143

Development Potential
DETAILS

SOLD $4.91m - 6/12/2016 

An exceptional development opportunity in one of Melbourne's finest suburbs

551 & 553 DANDENONG ROAD, ARMADALE

+ Exceptional 1,263sqm* Armadale landholding over two titles plus rear laneway access

+ Highly favourable residential growth zone allowing for a four (4) level development (STCA)

+ High quality existing residential improvements offering potential holding income

+ Superior inner-east Melbourne location with strong sales confidence and median house price of $2,020,000** in Armadale

+ Fabulous retail and dining amenity offered at nearby Malvern Central (350m*) comprising a David Jones and Woolworths supermarket plus Glenferrie road, Malvern retail village

+ Excellent local amenity with picturesque Caulfield park only 700m* away, renowned Cabrini Hospital 950m* and Monash university 2km*

+ Direct access to Melbourne CBD with Malvern train station only 600m* or the 64 tram route on your doorstep, plus the Monash freeway

THE PROPERTY WILL BE OPEN FOR INSPECTION:

WEDNESDAY 30TH NOVEMBER 2016 BETWEEN 1:30PM & 2:00PM

FOR SALE VIA PUBLIC ON-SITE AUCTION TUESDAY 6TH OF DECEMBER 2016 AT 2.30PM

For more information please contact the CBRE Victorian Development Sites team:

Julian White

+61 422 764 137

David Minty

+61 422 564 199

Nathan Mufale

+61 416 789 218

*approx

**Source: Real Estate Institute of Victoria

Remember to mention you found this property on DevelopmentReady.com.au

DEVELOPMENT SITE SUMMARY
SOLD:
TITLE:
ON-SITE TUESDAY DECEMBER 6TH AT 2.30PM
Property Area
AREA:
1263 m² (*approx)
Property Type
TYPE:
Commercial, Residential,
Development Potential
DEVELOPMENT APPROVAL:
RESIDENTIAL GROWTH ZONE ALLOWING FOR A FOUR (4) LEVEL DEVELOPMENT (STCA)

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551 and 553 Dandenong Road, Armadale, VIC 3143
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