Colliers is pleased to present 8 Seddon Street, Ivanhoe for Private Sale.
The property which is positioned in the heart of the Ivanhoe Activity Centre, commands an elevated position and is directly opposite the Ivanhoe train station, making it a compelling development proposition. With the benefit of existing improvements providing strong passing income the property is suitable for short-medium term passive investment and redevelopment.
Key features of this development opportunity are noted below:
• Corner site with a total land area of 912m²* and frontage of 52.56m*
• Prime position in the heart of the tightly held and sought-after Ivanhoe Activity Centre
• Situated directly opposite Ivanhoe train station
• Potential for spectacular view given the elevated position of the property
• Proven apartment location with two exceptional and highly successful developments in the immediate vicinity in Evergreen and Hallmark
• Notable site improvements, currently returning $116,918 per annum, that could also be used as a display suite for any future development (STCA)
• Ivanhoe is a tightly held and affluent area with a strong median house price of $1,815,000**
**Source: REIV Q1 2021
For further information, please contact the exclusive selling agents at Colliers.
0421 430 638
0421 641 497