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669 Whitehorse Road, Mitcham, VIC 3132

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669 Whitehorse Road, Mitcham, VIC 3132

Properties / Buy / Victoria / Mitcham
Development Potential

1. Property Summary

Property Type
Residential
Sub Type
Land Site
Land Area
5,225 m² (*approx)
Zoning
GRZ
Selling Method
EOI: Price on Request
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2. Property Highlights

Mitcham Quality Hotel Manor | Significant 5,225sqm landholding
  • 36 Recently refurbished Rooms
  • Significant 5,225sqm Landholding
  • 20km from Melbourne CBD

+ Rare freehold going concern accommodation asset in suburban Melbourne

+ Comprising 36 recently refurbished rooms with favourable configurations

+ Ideally located 20km from Melbourne CBD and Dandenong Ranges

+ Close proximity to Maroondah Hospital, Eastland Shopping Centre, and medical/emergence services

+ Opportunity for future upside/redevelopment on 5,225sqm GRZ zoned site (STCA)

+ Superior connectivity by way of Maroondah Highway and Mitcham Train Station

+ Central restaurant/bar, commercial kitchen, and 2x conference rooms

+ High profitable operation with low operational outgoings

+ Management agreement with Choice Hotels, vacant possession attainable

+ 75 Sealed parking spaces in the basement of the property

For Sale via Expression Of Interest

Closing 4pm AEST 14 September 2023

Remember to mention you found this property on DevelopmentReady

Read More

1. Property Summary

Property Type
Residential
Sub-type
Land Site
Land Area
5,225 m² (*approx)
Selling method
EOI: Price on Request

2. Property Highlights

Mitcham Quality Hotel Manor | Significant 5,225sqm landholding
  • 36 Recently refurbished Rooms
  • Significant 5,225sqm Landholding
  • 20km from Melbourne CBD

+ Rare freehold going concern accommodation asset in suburban Melbourne

+ Comprising 36 recently refurbished rooms with favourable configurations

+ Ideally located 20km from Melbourne CBD and Dandenong Ranges

+ Close proximity to Maroondah Hospital, Eastland Shopping Centre, and medical/emergence services

+ Opportunity for future upside/redevelopment on 5,225sqm GRZ zoned site (STCA)

+ Superior connectivity by way of Maroondah Highway and Mitcham Train Station

+ Central restaurant/bar, commercial kitchen, and 2x conference rooms

+ High profitable operation with low operational outgoings

+ Management agreement with Choice Hotels, vacant possession attainable

+ 75 Sealed parking spaces in the basement of the property

For Sale via Expression Of Interest

Closing 4pm AEST 14 September 2023

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential

3. Property Location

669 Whitehorse Road, Mitcham, VIC 3132

Property Map

4. Due Diligence

Site Report Available

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Report Contains

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
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