Iconic Bayside Corner with Premium Approved Permit

20 October 2017

Savills Melbourne is selling a high profile corner development site with the benefit of a recently approved permit for a landmark retail and residential project. The approved permit is for a 7-level mixed use development comprising 37 apartments and 2 ground floor retail tenancies.

Savills State Director of CBD & Metropolitan Sales, Clinton Baxter who is marketing the property with Nick Peden and Jesse Radisich, said a property with an approved permit such as this in one of Melbourne’s most popular bayside suburbs is an opportunity not to be missed.

The iconic corner bayside landholding of 911 square metres is ideally situated amongst an abundance of lifestyle amenities, including St Kilda Botanical Gardens, Acland Street and Carlisle Street retail precincts, and Elwood Beach all being within close walking distance.

The property has advantages of the extensive frontage to both Brighton Road and Blessington Street, as well as rear access via Moroney Street, which all ensure that fantastic natural light, and potential bay views from the upper levels of the project, are assured.

The property is likely to be keenly sought by many local and off-shore developers all wishing to develop the next St Kilda landmark, and to take advantage of the exceptionally strong interest in such developments from owner-occupiers and the local downsizer market.

Mr Baxter said “The project is designed to maximise saleability of the apartments with generous internal and external living areas, and attention to detail in every aspect.”

The property will be sold following an Expressions of Interest process closing on Wednesday 25 October.

 
 

Key Contacts

Clinton Baxter

Clinton Baxter

State Director - VIC
CBD and Metropolitan Sales

Savills Melbourne (150 Collins Street)

+61 (0) 3 8686 8021

 

Nick Peden

Nick Peden

Director
CBD and Metropolitan Sales

Savills Melbourne (150 Collins Street)

+61 (0) 3 8686 8011