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Development/Land For Sale found in OAKLEIGH, VIC 3166

OVER 1 ACRE OF LAND IN MELBOURNE’S PREST...

Development/Land

Savills is delighted to offer for sale this major south east suburban landholding at 1-9 Allen Street, Oakleigh. The site represents an incredibly rare opportunity to purchase over one acre of developable land within Melbourne’s highly sought after south eastern suburbs.
The key attributes of this fantastic property include:
- A major landholding of 4,315sq m* in Melbourne’s premium south east
- Huge frontage of over 115 metres* to Allen Street
- General Residential Zone 2
- A prime location for aged care or luxury residential development (STCA)
- Ideally situated only 320 metres* from Australia’s Largest Shopping Centre; Chadstone
- Over 63 metres* of absolute park frontage
- Direct access to both the Monash Freeway and Dandenong Road, as well as extensive public transport within the immediate area servicing Chadstone Shopping Centre
- An unrepeatable development opportunity in the heart of Melbourne’s south eastern suburbs just 13km* from the CBD
The opportunity to secure such a prime development site in one of Melbourne’s premium south eastern suburbs is incredibly rare, especially when you consider the location, size of
the site and potential development (STCA). 1-9 Allen Street, Oakleigh is For Sale by Public Auction Wednesday 11 October at 12 noon on-site. Julian Heatherich - 0412 995 655 Nick Peden - 0402 011 266 Mark Stafford - 0404 401 053

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Price: Auction on Wednesday 11 October at 12 noon on-site    Land: 4300m²    Occupancy: Vacant

Properties located in the surrounding suburbs

STRONG LEASE. STRONG CORNER.

Investment | Retail | Development/Land

Opportunities to purchase strategic freeholds of this calibre are rare. Offering the perfect investment package for any passive investor looking for stable, long term income growth; or, the property strategist looking to acquire a property in a prime location that will enjoy strong income/capital growth coupled with long term redevelopment upside.
This property boasts highly desirable features including:
• 15-year lease commencing February 2012
• Current rental of $204,973* p.a. + GST
• Annual rental growth of 3.5%
• Market review February 2022
• Further 5-year option
• 7-Eleven is responsible for all outgoings (except land tax)
• Strategic corner position to major thoroughfares
• Exceptionally positioned property offering long term redevelopment within an affluent Eastern suburb
The property is being offered for sale by on-site Public Auction - Friday, 6th October at 11am

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Price Contact Agent
Building 1274m²
Land 1274m²
Occupancy Tenanted
Property ID 268559

SUBURB PRICE GUIDE

Suburb Summary - Oakleigh, VIC 3166

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

Price (m²) Rent (m²) Yield
Offices $412
Retail $429
Industrial $2984 $89 3.00%
* 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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