Located only 10 km east of Melbourne's CBD, this perfectly positioned corner land holding of 1,427 sqm is justifiably Camberwell’s finest mixed-use development opportunity. Marketed by the Savills team of Julian Heatherich, Jesse Radisich and Benson Zhou, this site has Approved Development Plans for a luxury mixed-use project comprising of 29 large luxury apartments and 4 ground level shops.
This prime corner site is positioned within the prestigious and tightly held Anderson Hill residential precinct. Its premium Camberwell location is well serviced by a wide selection of retail convenience, including both nearby Toorak Road/Camberwell Road and Tooronga Shopping Centre. In addition, the Gardiner Train Station can be easily reached as are a selection of Melbourne’s elite schools.
Overall, this site is perfectly located in one of Melbourne's most highly desirable residential suburbs, which currently has median house price of $2,050,000 (Core Logic). Importantly for the prospective purchaser/developer, is that Camberwell is recognised as a flourishing apartment market.
" For developers, Camberwell offers a recognised location to satisfy buyer demand for readily accessible lifestyle preferences. This Permit Approved site affords the opportunity to speedily commence construction of a luxury mixed-use project in a premium location. Camberwell sites like this are exceptional and therefore highly sought by developers” - Julian Heatherich, Savills Melbourne.
Summary:
- Highly valuable Camberwell corner landholding of 1,427 sqm
- Permit Approved for 29 large luxury apartments and 4 ground level shops
- Corner location within the tightly held Anderson Hill residential precinct
- On the doorstep to prime retail, transportation, education options, Anderson Park and more
- Blue-chip Camberwell is a recognised flourishing apartment market
Please note that all financials, measurements and distances quoted are approximate only.
553-555 Burke Road, Camberwell is For Sale by Expressions of Interest.
Closing date is Wednesday 12 July at 2pm.
For further information, please contact Savills Melbourne:
Julian Heatherich - 0412 995 655
Jesse Radisich - 0402 085 702
Benson Zhou - 0458 488 888
