412 - 414 Burwood Highway, Vermont South, VIC 3133


For Sale

  • Property ID: 435024
  • Land Area: 1311m²
  • Occupancy: Vacant

Melbourne’s coveted eastern suburb has already approved the development of a brand new residential offering, the only thing that’s left is for a developer to claim the short-cut opportunity. This profile site comprises 1,311 sqm* of irreplaceable corner-positioned land with over 60 metres* of frontage to unrivaled park views.

With current improvements comprising two x three-bedroom homes currently situated on the site offering holding income, the permit allows for 33 apartments with a mix of 1, 2 and 3 bedrooms to be built here, next door to Billabong Park. Or, a childcare development or student accommodation could also be ideal in a location like this, particularly with 29,000 commuters passing Burwood Highway on a daily basis. Deakin University is within a 15-minute commute on the 75 tram, the Eastlink is 3.2 km* away, and the Monash — sitting 5 km* from here — will get you into the CBD in 40 minutes. Vermont South has already been set up for convenient living and simple access, with Vermont Shopping Centre a 4-minute drive down the road and hosts Coles, Petstock, and Aldi.

- 1,311 sqm* of total land area.
- A corner site with an approved permit for 33 apartments.
- Over 60 metres* of park views.
- 2 existing 3-bedroom homes are currently on the site.
- Residential growth zone.
- Direct exposure to Burwood Highway’s 29,000 daily passing commuters.
- 100 m* to the 75 tram.
- 3.2 km* to the Eastlink.
- 5.2 km* to the Monash Freeway.

Acute developers that have no interest in beating around the bush (read: paying holding costs) will get here even quicker with the recent Burwood Highway Tram extension. This is a development that has its roots already established in getting your ROI without delay.

Pricing excludes GST

Additional Information
  • Availability: 30 - 120 days
  • Car Spaces: Onsite
  • Water Rates: TBC
  • Land Tax: TBC
  • Council Rates: TBC
  • Owners Corp. / Insurance: N / A
Vermont South Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices --- $269 ---
Retail --- $269 ---
This is the average advertised price, rent and yield for Vermont South, VIC 3133*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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