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77 Gateshead & 301-307 Stud Road, Wantirna South, VIC 3152

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77 Gateshead & 301-307 Stud Road, Wantirna South, VIC 3152

77 Gateshead & 301-307 Stud Road, Wantirna South, VIC 3152

Properties / Buy / Victoria / Wantirna South
Development Potential

1. Property Summary

Property Type
Residential
Sub Type
Land Site
Land Area
3,799 m² (*approx)
Zoning
Residential Growth Zone (RGZ)
Selling Method
Expressions of Interest: FOR SALE - $7,850,000
DOCUMENTS AVAILABLE
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2. Property Highlights

Infill Site Next to Westfield Knox

Ray White Commercial (RWC) has been exclusively appointed to offer this significant infill opportunity all in one line.

The corner allotment encompasses five individual lots, totally an elevated, development-friendly 3,799m2. The Residential Growth Zoning (RGZ) is highly sought after and allows for multiple existing strategies. Given the density of local lot sizes, it would be nearly impossible to re-create.

Major Benefits Include:

• Never to be repeated opportunity

• Residential Growth Zone - Schedule 1

• Multiple uses & Exit Strategies (STCA)

• Elevated land-holding

• Service lane running the length of the western development envelope

• Corner site with 130m* of frontage

• Total land - 3,799m2*

• 5 Established dwellings with short-term lease (10 months or less)

• Current collective income $145,911*

• Westfield Knox is 80m and less than 1min walking

• Nothing of similar size or upside has been available locally recently

The average apartment sale results locally (as of February 2024) is $621,000, and the average house price across Wantirna Sout is $1,300,000 for a single standalone dwelling.

Using these metrics linked with the location, upside available, and unique nature of the offering, buyers are well placed to build an exclusive opportunity that is difficult to replicate and capitalize on the lack of supply locally and across Victoria.

Please get in touch with the agents below for further information or to book an inspection:

Ryan Trickey on 0400 380 438

or

Will Jonas on 0422 883 011

*All areas and figures approx only.

*All boundaries are indicative only.

*All precautions have been taken to establish the accuracy of all information, but this does not constitute any representation by the Vendor or Agents.

Remember to mention you found this property on DevelopmentReady

Read More
Dataroom

1. Property Summary

Property Type
Residential
Sub-type
Land Site
Land Area
3,799 m² (*approx)
Residential Growth Zone (RGZ)
Selling method
Expressions of Interest: FOR SALE - $7,850,000
DOCUMENTS AVAILABLE
Gain Access

2. Property Highlights

Infill Site Next to Westfield Knox

Ray White Commercial (RWC) has been exclusively appointed to offer this significant infill opportunity all in one line.

The corner allotment encompasses five individual lots, totally an elevated, development-friendly 3,799m2. The Residential Growth Zoning (RGZ) is highly sought after and allows for multiple existing strategies. Given the density of local lot sizes, it would be nearly impossible to re-create.

Major Benefits Include:

• Never to be repeated opportunity

• Residential Growth Zone - Schedule 1

• Multiple uses & Exit Strategies (STCA)

• Elevated land-holding

• Service lane running the length of the western development envelope

• Corner site with 130m* of frontage

• Total land - 3,799m2*

• 5 Established dwellings with short-term lease (10 months or less)

• Current collective income $145,911*

• Westfield Knox is 80m and less than 1min walking

• Nothing of similar size or upside has been available locally recently

The average apartment sale results locally (as of February 2024) is $621,000, and the average house price across Wantirna Sout is $1,300,000 for a single standalone dwelling.

Using these metrics linked with the location, upside available, and unique nature of the offering, buyers are well placed to build an exclusive opportunity that is difficult to replicate and capitalize on the lack of supply locally and across Victoria.

Please get in touch with the agents below for further information or to book an inspection:

Ryan Trickey on 0400 380 438

or

Will Jonas on 0422 883 011

*All areas and figures approx only.

*All boundaries are indicative only.

*All precautions have been taken to establish the accuracy of all information, but this does not constitute any representation by the Vendor or Agents.

Remember to mention you found this property on DevelopmentReady

Read More
Dataroom
Development Potential

4. Property Location

77 Gateshead & 301-307 Stud Road, Wantirna South, VIC 3152

Property Map

5. Market Intelligence Report

Developments and amenities within a 5km radius of the asset.

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77 Gateshead & 301-307 Stud Road, Wantirna South, VIC 3152 Wantirna South
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