Sited only 12 km south-east of Melbourne's CBD, this significant Malvern East land holding of over 3,420 sqm can only be described as one of the most prestigious development opportunities in the City of Stonnington. Marketed by the Colliers International team of Ted Dwyer and Ben Baines, this site is ideal for an ultra-luxurious residential blueprint in addition to also offering a range of flexible development opportunities such as childcare, aged care etc. (STCA).
This prime corner site boasts a frontage totalling 130m including a park outlook of 70m.
Predominantly rectangular in shape, zoning is a very favourable Residential Growth and General Residential.
The premium location of this allotment is well serviced by a wide selection elite private schools including Korowa Anglican Girls, Sacre Couer, Caulfield Grammar and St Kevin’s College. The Malvern East train station is only metres away and key shopping precincts such as Chadstone Shopping Centre, Waverly Road and Malvern Road are in close proximity - as are main arterials including High Street, Malvern Road, Dandenong Road and Citylink
In particular, this site is impeccably placed in one of Melbourne's most vastly sought-after residential suburbs, which currently has median house price of $1,700,000 (Core Logic). Notably, the City of Stonnington is recognised as an established property market consisting of lavish homes and high end apartment projects.
"A site of this significance, in the prized suburb of Malvern East certainly is a valuable property holding. Add to this the flexible development options available and this allotment really presents itself as an outstanding development opportunity”
- Ted Dwyer, Colliers International.
Summary:
- Highly valuable corner landholding of 3,420 sqm
- Flexible development opportunities
- 2 frontages totalling 130m including a park outlook of 70m
- Zoning - Residential Growth and General Residential
- 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.
1-9 Sylvester Crescent, Malvern East is For Sale by EOI Closing Thursday 13th July 2017 at 3pm.
For further information please contact Colliers International:
Ted Dwyer: 0411 312 165, Ben Baines: 0438 328 407
