Located barely 8 km south-east of Melbourne's CBD, this significant Malvern land holding of over 2,313 sqm could be defined as one of the most prestigious development opportunities in the City of Stonnington. Marketed by the Colliers International team of Ted Dwyer and Jeremy Gruzewski, this site is ideal for an ultra-luxurious residential blueprint in addition to also offering a range of flexible development opportunities (STCA).
This prime site boasts a prime northern frontage of 50 metres facing Toorak Road plus has zoning which is very favourable for residential development. Its current improvements offer the opportunity for short-term holding income while plans and permits are sought.
The premium location of Malvern is in close proximity to a wide selection of both private and public schools including Korowa Anglican Girls, Sacre Couer, Caulfield Grammar and St Kevin’s College and more. Its main shopping attractions include Malvern Central, home to David Jones and vibrant Glenferrie Road, offering a widespread collection of cafes, shops and boutiques. Close by tram stops provide access for multiple routes including Melbourne CBD as does the busy Kooyon Railway Station. Additionally, the Monash Freeway arterial just 375m away.
Malvern is certainly one of Melbourne's most vastly sought-after residential postcodes and currently has a median house price of $2,430,000 (Core Logic). Notably, the City of Stonnington is recognised as an established property market consisting of lavish homes and high end apartment projects.
" This site offering presents investors with a rare opportunity to acquire a property asset in one of Melbourne’s most established and recognised postcodes. A site of this substance, in the esteemed neighbourhood of Malvern is positively a valuable investment ideal for a luxury residential project” - Ted Dwyer, Colliers International.
Summary:
- Highly valuable Malvern landholding of 2,313 sqm
- Flexible development opportunities (STCA)
- Frontages totalling 50m facing Toorak Road
- Ideal for a luxurious residential project
- On the doorstep to prime retail, transportation, education options and more
- Part of the City of Stonnington – a proven Blue-chip property market
Please note that all financials, measurements and distances quoted are approximate only.
704 – 708 Toorak Road, Malvern for Sale by Expression of Interest closing Thursday 14th September at 3pm.
For further information please contact Colliers International:
Ted Dwyer: 0411 312 165, Jeremy Gruzewski 0422 211 021
Or Visit: www.developmentready.com.au/properties/704-708-toorak-road-malvern-vic-3144
