390 Burwood Highway, Wantirna South, VIC 3152

Development/Land | Offices | Retail

Sold

Sold

  • Property ID: 254857
  • Floor Area: 623m²
  • Land Area: 7610m²
  • NBN Availability: Not Currently Available
  • Cafes: 6 nearby
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold 01/07/2017 623m2 7610m2 Contact Agent
Landmark Corner Site!

One of the most significant sites in Melbourne's eastern region is now available for sale via Expressions of Interest closing Thursday 8th June 2017 at 3pm.

This tremendous 7,610m2* corner site benefits from a 120m* frontage to Stud Road and 35m* frontage to Burwood Highway. Improvements include a single level building of 623m2*, comprising a grand foyer area, partitioned office areas, large storage/garage, portico areas of 323m2* and open plan chapel. Additional features include amenities, ducted heating and cooling, landscaped gardens, together with in excess of 58 car spaces with potential for more.

The site is zoned Priority Development Zone - Schedule 1 (with a Proposed rezoning to "Mixed Use Zone" Amendment C149) and is designated "for the use and development of land for projects and areas of regional or State significance". This outstanding property offers a fantastic opportunity to develop a multi level mixed use building, corporate office building, education facility, hotel, aged care facility, place of assembly, medical centre, accommodation and more (STCA).

Located at the intersection of Burwood Highway and Stud Road one of Melbourne's most significant strategic positions, the subject property is situated directly opposite Westfield Knox Shopping Centre (soon to benefit from a $450 million expansion) and Swinburne University. Further enhancing the site is its close proximity to well known private and public schools, Knox Private Hospital and an abundance of new residential developments.

Please contact CVA for further information.


*approx

Additional Information
Features
  • Availability: Upon settlement
  • Zoning: Priority Development Zone Schedule 1
  • Suitable Development: Mixed use residential/commercial
  • Permits Issued: NA
  • Lease Term: N/A
  • Rent Review: N/A
  • Car Spaces: 58 with potential for more
  • Condition: Very Good
  • Air Conditioning: Yes
  • Roller Doors: NA
  • Floors: Concrete
  • Lifts: NA
  • Height: Various
  • Car Parking Fees: NA
Outgoings
  • Water Rates: TBC
  • Land Tax: $69,975.00 (Single holding)
  • Council Rates: $28,672.00
Wantirna South Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $120 ---
Retail $8333 $111 1.33%
Offices $8333 $282 3.39%
This is the average advertised price, rent and yield for Wantirna South, VIC 3152*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Cafes - Number of cafes located within 500 metres of 390 Burwood Highway, Wantirna South, VIC 3152. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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