Imagine owning an exclusive residential hotel that is literally surrounded by some of the best golf courses in the world!

This profile corner development site is being offered for sale with planning approval for an 8 level residential hotel complex. And we can now announce operator interest from world renowned group, 'La Vie Hotels & Resorts'.

This gateway site, located in the heart of Melbourne's sandbelt golf course precinct, famous for its sandy soils that have created world class golf courses like Royal Melbourne, Victoria, Kingston Heath and Metropolitan Golf Clubs.

303 Reserve Road, Cheltenham (corner of Tulip Street) is a once in a lifetime development opportunity with a unique and unlimited business upside!

Key features include:

* Planning approval in place for an exclusive 8 level residential hotel

* Hotel operator interest from world renowned, La Vie Hotels & Resorts

* Designed by highly regarded architectural firm, Moull Murray

* Hotel design includes 90 rooms, cafe, club restaurant/bar, roof terrace

* Permit includes liquor licence and approval for business signage

* Hotel design includes 90 rooms, cafe, club restaurant/bar, roof terrace

* Total hotel room area: 8,696sqm*

* Generous landholding: 1,855sqm*

* Holding income to a short-term tenant

* Incredible location within Melbourne's Sandbelt golf courses

* Opposite Victoria Golf Club and overlooking Sandringham and Royal Melbourne courses

The location is also home to Golf Australia, Southern Basketball Association and Bayside District Netball Association. Excellent connectivity with the new Cheltenham train station nearby, along with various shopping precincts including Westfield Southland, further boosts its appeal.

For further details please contact:

Julian Vautin 0420 406 660

David McIntosh 0407 850 909

Matt Nichols 0418 186 488

DISCLAIMER:

* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.

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