APPROVED PREMIUM MALVERN EAST APARTMENT PROJECT WITH HOLDING INCOME - PRICED TO SELL $1,530,000
******* SOLD *********
Gross Waddell ICR is excited to bring to market this permit approved development opportunity, located within the popular residential suburb of Malvern East.
Superbly designed by award winning Melbourne based architects Ascui & Co proposing a striking residential development comprising 10 (2 & 3 bedroom) apartments, targeting owner occupiers.
Currently improved by a 5 bedroom plus home office family residence offering short-term holding income.
Conveniently located within walking distance to Holmesglen Train Station, Holmesglen Institute and nearby retail plus easy reach to Chadstone Shopping Centre and Monash Freeway.
Property highlights include:
- Recently extended permit approved for boutique development comprising 4 levels
- Located within sought-after residential suburb with current median house price of $2,280,000#
- Residential Growth zoned site of approximately 613sqm*
- Holding income providing options and flexibility
- Potential elevated tree-lined views from upper floors of proposed development
- Surrounded by amazing lifestyle amenities, transport options and education facilities
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