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Development/Land For Sale found in BAYSWATER, VIC 3153


Development/Land (Residential, Retail)

Situated in the Heart of Bayswater offers a rare opportunity for Developer/Investor being the perfect site for both Retail and Residential development ( STCA ) Providing a good return whilst awaiting Plans and permits.
Zoning- Commercial 1 Zone
Land Area- 887sqm
Current Rent $65,000 plus gst and outgoings

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Price: $1,900,000    Land: 887m²    Occupancy: Vacant

Properties located in the surrounding suburbs



Savills is delighted to offer for sale this significant landholding with a permit in place for 59 high quality townhouses, ideally located within this rapidly growing area of Melbourne and situated in direct proximity to Eastland Shopping Centre.
The key attributes of this outstanding property are as follows:
- An ideal development site of 10,140sq m*
- Recently approved permit for a fantastic residential project comprising 59 spacious townhouses
- Surrounded by extensive retail amenity including Westfield Knox, Eastland Shopping Centre, Costco and Ringwood Square
- Located within high growth corridor with countless surrounding successful townhouse and apartment projects
- Easy access to Heathwood Train Station and Eastlink providing direct CBD access
- Fantastic location surrounded by hospitals, golf courses, nature reserves and educational facilities
The opportunity to secure a high quality site surrounded by arterial networks providing direct access to metropolitan Melbourne as well as abundant lifestyle and retail amenity is sure to be highly sought after, especially when you consider the permit for a major townhouse
development. This property is For Sale by Expression of Interest closing Wednesday 15 November 2017 at 2pm. Agents: Julian Heatherich - 0412 995 655 Benson Zhou - 0458 488 888

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Price: Contact Agent    Building: 10140m²    Land: 10100m²    Occupancy: Vacant


Suburb Summary - Bayswater, VIC 3153

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

Price (m²) Rent (m²) Yield
Offices $2889 $128 4.43%
Retail $2946 $191 6.47%
Industrial $2134 $97 4.53%
* 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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