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Savills is delighted to offer For Sale this perfectly positioned development site with holding income, located opposite Ivanhoe Train Station and 90 metres* from the Ivanhoe retail precinct.
Situated in one of Melbourne’s premier suburbs, 8 Seddon Street provides the opportunity to Develop, Occupy or Value Add.
Key features include:
• Prominent corner development site of 909sqm*
• Substantial commercial improvements including 6 medical/office units with generous on-site car parking
• Current rental of $71,808 per annum plus GST with immediate potential for significant rental uplift
• Significant development potential with adjacent height precedent of 8-levels
• Flexible Commercial 1 Zoning (C1Z) allowing for a variety of uses and development outcomes (STCA)
• Located in a highly sought-after Ivanhoe location with a median house price of $1,832,000 approx.**
• Opposite Ivanhoe Train & Bus Station and only metres from the Upper Heidelberg Road shopping strip including Coles & Woolworths, cafes, restaurants, banks, and Ivanhoe Grammar.
*Approximate
**realestate.com.au
For Sale by Expressions of Interest closing Thursday 6th November at 4pm.
For further information please contact:
Tim Grant - 0478 666 275
James Latos - 0422 604 900
Remember to mention you found this property on DevelopmentReady
Savills is delighted to offer For Sale this perfectly positioned development site with holding income, located opposite Ivanhoe Train Station and 90 metres* from the Ivanhoe retail precinct.
Situated in one of Melbourne’s premier suburbs, 8 Seddon Street provides the opportunity to Develop, Occupy or Value Add.
Key features include:
• Prominent corner development site of 909sqm*
• Substantial commercial improvements including 6 medical/office units with generous on-site car parking
• Current rental of $71,808 per annum plus GST with immediate potential for significant rental uplift
• Significant development potential with adjacent height precedent of 8-levels
• Flexible Commercial 1 Zoning (C1Z) allowing for a variety of uses and development outcomes (STCA)
• Located in a highly sought-after Ivanhoe location with a median house price of $1,832,000 approx.**
• Opposite Ivanhoe Train & Bus Station and only metres from the Upper Heidelberg Road shopping strip including Coles & Woolworths, cafes, restaurants, banks, and Ivanhoe Grammar.
*Approximate
**realestate.com.au
For Sale by Expressions of Interest closing Thursday 6th November at 4pm.
For further information please contact:
Tim Grant - 0478 666 275
James Latos - 0422 604 900
Remember to mention you found this property on DevelopmentReady
