Issue 48 | The Property Development Review

Property Listings – VIC

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OUTLINE INDICATIVE ONLY

608-610 & 612-614 WARRIGAL ROAD, MALVERN EAST PERMIT APPROVED FOR 6 LEVELS IN SOUGHT-AFTER SUBURB Andrew Greenway 0409 547 626 | agreenway@gwicr.com.au Alex Ham 0419 355 561 | aham@gwicr.com.au Glenn Ye 叶格林 0400 880 388 | gye@gwicr.com.au

Gross Waddell ICR is delighted to present to the market via Expressions of Interest this permit approved redevelopment opportunity within the Blue- Chip residential suburb of Malvern East, located close to a host of enviable lifestyle amenities and more. • Recently approved permit for apartment development with ground floor retail over 6 levels • Superbly designed project by renowned Melbourne architects Ascui & Co. • Project comprises NSA of 2,115sqm (apartments) with blend of 1,2 and 3 bedrooms plus 2 retail units • Total landholding of 817sqm* currently improved by two commercial properties with potential to generate income • Flexible Commercial 1 (C1Z) zoning allowing a host of end uses and alternative development outcomes (STCA)

*approx.

burgessrawson.com.au

Land Rich Cnr Freehold Opportunity Occupy, Invest or Redevelop (STCA) Ashburton (Melbourne) VIC 205A High Street + First time offered in over 25 years + Prominent 405sqm* corner site with 59m* frontage + Ground floor building area of 252sqm* with additional 25sqm* first floor storage area and staff amenities (incl male & female toilets) + Commercial 1 Zoning (C1Z) offering significant upside, development possibility and potential to build up to 3 levels (STCA) Investment Portfolio Auction Wednesday 6 December, Crown Casino, Melbourne expiration of their lease term dated August 2024 + In close proximity to an array of national tenants, with IGA, Bakers Delight, Domino’s, F45, BFT, Snap Fitness and Shell Coles Express all within 400m* + Ashburton: 10km* from CBD, affluent southeast Melbourne growth suburb with a median house price of $1,975,000 2 + Current Net Income: $203,969 pa* + GST *Approx 1 GapMaps 2 realestate.com.au + Exposure to High St, 22,000+ cars passing daily 1 + Important rear lane access and 8 on-site car spaces + CBA have given notice to vacate the premises at the

Rick Jacobson 0413 830 083

Jamie Perlinger 0413 860 315

Zomart He 何梓轩 0488 220 830

72 – November / December 2023

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