Located only 10 km east of Melbourne's CBD, this perfectly positioned Camberwell land holding of over 577 sqm is justifiably a valuable development site opportunity. Marketed by the Savills team of Nick Peden, Jesse Radisich and Benson Zhou, this site has Approved Development Plans for a luxury apartment project with oversized apartments.
This prime corner site with extensive frontages to Camberwell Road and Smith Road offers lovely views over the picturesque Fordham Gardens. Its premium Camberwell location is well serviced by a wide selection of retail convenience, including both nearby Toorak Road/Camberwell Road and Camberwell Junction. The Hartwell Train Station can be reached by a 300m short walk through Fordham Gardens and a selection of Melbourne’s elite schools and education facilities are additionally in close proximity.
Overall, this site is perfectly located in one of Melbourne's most highly desirable residential suburbs, which currently has median house price of $1,838,000 (3-bed, source realestate.com.au). Importantly for the prospective purchaser/developer, is that Camberwell is recognised as a flourishing apartment market.
"Camberwell is a proven location for developers seeking an opportunity to capitalise on buyer demand for readily accessible lifestyle options. This site combines the opportunity to construct a luxury apartment project and also offer the end user a premium location – Permit Approved, Camberwell sites like this are highly sought by developers” - Nick Peden, Savills Melbourne.
Summary:
- Highly valuable Camberwell corner landholding of 577 sqm
- Permit Approved for a luxury apartment project with oversized apartments
- 2 street frontages to Camberwell Road and Smith Road
- Overlooking picturesque Fordham Gardens
- On the doorstep to prime retail, transportation, education options and more
- Blue-chip Camberwell is a recognised flourishing apartment market
Please note that all financials, measurements and distances quoted are approximate only.
584 Camberwell Road, Camberwell is For Sale by Public Auction on Friday 5th May at 2pm, on-site. For further information, please contact Savills Melbourne:
Nick Peden - 0402 011 266
Jesse Radisich - 0402 085 702
Benson Zhou - 0458 488 888
