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Hotel/Leisure For Sale or For Lease found in EASTERN SUBURBS (METROPOLITAN), VIC

LANDMARK CORNER SITE!**UNDER OFFER**

Development/Land (Residential, Offices, Medical) | Offices | Retail | Showrooms | Medical | Hotel/Leisure

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


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Price Contact Agent
Building 623m²
Land 7610m²
Property ID 254857

Suburb Summary -

Below you will find the average advertised Sale Price, Rent & Yield for this suburb.

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list on Commercial Property Guide.
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