A 2,022sq m residential development site in Dandenong, in Melbourne’s South East has been snapped up off market for $2 million by a local developer.
The site at 28 Pickett Street has plans and permits in place for 12 townhouses, representing a strong rate of $166,667 per townhouse and was sold by Julian Heatherich, Mark Stafford, and Benson Zhou of Savills Australia on behalf of a local developer with a short 30 day settlement.
According to Julian Heatherich, Director, CBD and Metropolitan Sales at Savills Australia, “Townhouses are ideally suited for the entry level residential market within the local Dandenong market sector in strong demand following recent federal government incentives.”
Learn more about Savills Residential Site Sales.