This prime sprawling land holding of 4,228 sqm (1 acre) is located in one of Melbourne’s most sought after inner city suburbs – Yarraville. Extremely well serviced by an abundance of amenity, this substantial development site currently includes a short-term lease back option of $360,000 pa to a blue-chip tenant. The Savills Melbourne marketing team of Julian Heatherich, Benson Zhou and Jesse Radisich are thrilled to offer this landmark offering.
With a General Residential Zone 1 status, this site has a multitude of key qualities, including an extensive 83 metre frontage, making it ideal for a luxury townhouse development (STCA).
Yarraville is a high demand suburb with a current median house price of $935,000 (3 bedroom – realestate.com.au, sourced) and more than double the Victorian average for the number of page visits per residential property on realestate.com.au.
Location is brilliant - only 5km to Melbourne’s CBD and close proximity to the vibrant Yarraville retail precinct, the picturesque Yarraville Gardens plus both Yarraville and Seddon train stations.
"This substantial Yarraville land holding presents a rare opportunity to secure a prime development site in one of Melbourne’s most sought after suburbs. When you consider its key city-fringe location, the generous size of the site, its potential development options (STCA) and Yarraville’s proven buyer demand, this site really is a premium offering. We currently rate this site as one of Melbourne’s best development opportunities (STCA)” - Julian Heatherich, Savills Melbourne.
Summary:
- Expansive prime inner city landholding of 4,228sqm
- Extensive street frontage of 83m
- General Residential Zone 1
- Numerous development options (STCA) |
- Short-term leaseback of $360,000 per annum to a blue-chip tenant
- Located in one of Melbourne’s highly sought after inner city suburbs
- Close to Yarraville retail, Yarraville Gardens & Yarraville & Seddon train stations
- A significant development opportunity not to be missed!
Please note that all financials, measurements and distances quoted are approximate only.
For Sale by Expression of Interest closing Wednesday 3 May at 2pm.
For further details contact:
Julian Heatherich: 0412 995 655
Benson Zhou: 0458 488 888
Jesse Radisich: 0402 085 702
