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
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