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Development/Land For Sale found in MOORABBIN, VIC 3189

Properties located in the surrounding suburbs

PRIME MIXED-USE DEVELOPMENT SITE OR STRATEGIC LAND BANK!

Development/Land (Residential, Medical, Retail, Showrooms, Offices)

CVA are proud to present 293 Bay Road, Cheltenham via Deadline Sale Closing Thursday 21st September 2017 at 3pm.

This outstanding property provides the successful purchaser with multiple options for commercial/residential development, owner occupation or invest and land bank for the future. The property comprises a 3 bedroom home on a generous 631m2* of land that is currently leased as a residential tenancy for $400* per week providing immediate income to the successful purchaser.
The subject property benefits from:
- 18m* frontage to Bay Road
- Endless possibilities given its Mixed-Use Zoning
- Exempt from the Special Building Overlay relating to flood inundation
- Excellent precedent for 3 level apartment project with 277 Bay Rd "Sphere Apartments" approved and on the market
- Prominent exposure for a commercial / medical premises with the current improvements or multi-level apartments (STCA).
- A planning amendment (C150) promoting this site for commercial use should the purchaser wish to take advantage of 17,000 passing cars daily (Vic roads data 2016).
The subject property is conveniently located on Bay Road which has recently experienced significant residential and commercial development. The site is further enhanced by its close proximity to Nepean Highway and Bluff Road, as well as Southland Shopping Centre (1.7kms* away), Cheltenham Train Station (2.8kms* away), Sandringham Beach (3kms away), and well known businesses including Creative Garden Early Learning Centre, Aldi, Fitness First, DOMO, Moor Room Self Storage, iSelect and Bridgestone Tyres.

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Price Contact Agent
Land 631m²
Property ID 265361

MIGHTY MCKINNON SITE WITH PERMIT

Development/Land

Colliers International are pleased to offer an exceptional, permit approved development site in a highly sought after village location close to shopping, parks and public transport.
Key features of the property are below:
• Total land area of 1,122m²*
• Excellent permit for 21 large apartments over three levels
• Good product mix comprising 1 one bedroom, 18 two bedrooms and 2 three bedroom apartments
• Convenient site access including a rear Right of Way (ROW)
• Ideal position in the heart of the vibrant McKinnon Road shopping village which has numerous cafes and boutique retailers
• Close proximity to McKinnon train station, which has recently been redeveloped with the train line been submerged and level crossing removed
• Easy access to the nearby Centre Road shopping strip which includes a Coles, Woolworths and Aldi supermarket
• Highly sought after and popular suburb with a median house price of $1,680,000*
* denotes approx.

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Price Contact Agent
Land 1122m²
Occupancy Vacant
Property ID 267296

MAJOR LAND PARCEL

Development/Land | Industrial

This outstanding property offers ...
* 11,691 sqm*
* C2 Zoning
* 2 Street frontages (2 separate titles)
* Short term income on existing improvements.
Be a part of this rapidly changing landscape in this fantastic Bayside precinct.
To arrange an inspection or for further information please contact:
James Davie 0412 209 696
David Bancroft 0418 318 747
Office 9532 6088
NB
All prices exclude GST unless otherwise stated and all sizes are approximate.

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Price: POA    Building: 7768m²    Land: 11691m²    Occupancy: Vacant

DEVELOP, INVEST OR OCCUPY

Development/Land | Retail | Medical

Double fronted shop + residence
1 retail shop + 7 apartments
Approved permit with endorsed plans for mixed use development
Land area: 405 m²
8.5 m frontage to Charman Road
Located in Cheltenham's activity centre offering retail, cafes and lifestyle attractions
Short term holding income potential
Outstanding surround amenities
Nearby to Southland Shopping Centre, beach and train station
Rear lane way access
Permit details and plans available on request

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Price: Contact Agent    Building: 145m²    Land: 405m²    Occupancy: Vacant

SUBURB PRICE GUIDE

Suburb Summary - Moorabbin, VIC 3189

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

Price (m²) Rent (m²) Yield
Offices $2549 $290 11.36%
Retail $1475 $203 13.76%
Industrial $2111 $107 5.09%
* 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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