FEBRUARY’S BEST PERFORMING DEVELOPMENT SITES (VIC)
26 HUON PARK ROAD CRANBOURNE NORTH – VIC 3977
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Development Approved Child/Healthcare
This property boasts a sizable 1,922sqm* landholding with a generous 30m* frontage. With a permit approved for a cutting-edge 112-place childcare centre, it meets the burgeoning demand for childcare in the area. Positioned in General Residential Zone 1 (GRZ1), it offers lucrative leasing potential with an Agreement to Lease secured at $403,200pa net rental. Notably, the vicinity enjoys a favourable Child to Long Day Care Place ratio of 3.45 within 2km, complemented by the presence of 6 primary schools and proximity to Casey Central and HomeCo. Cranbourne Shopping Centres. With all of this in mind, it is no wonder that this site was one of our best performing for February.
119 CHESTERVILLE ROAD CHELTENHAM – VIC 3192
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Development Approved Commercial, Industrial
Situated at 119 Chesterville Rd, this property offers 9,226 sqm* of Industrial 1 zoned land, nestled beside parkland to its south and west. It comes with a coveted permit for a commercial/industrial development, featuring a uniquely crafted design tailored for the local community. For developers, it presented an opportunity where the groundwork and holding time had already been completed. Alternatively, it presented the opportunity to seize the chance to establish your own industrial facility in Bayside’s sought-after precinct, either as an owner- occupier or investor. Positioned amidst a dynamic locale with Morris Moor and “The Grounds” by Pellicano nearby, alongside Waves Recreation Centre, it promises a thriving environment.
56 – April / May 2024
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