393-397 Bay Road, Cheltenham, VIC 3192

MASSIVE LANDHOLDING WITH SCHEME FOR 20 TOWN RESIDENCES

SOLD

+ Three (3) separate title allotments comprising nine (9) residential dwellings with strong holding income of $135,492p.a.

+ Outstanding exposure with multiple street frontages of 54m* to bay road and 20.5m* to royalty avenue providing for flexibility for building design and access points

+ Would ideally suit townhouse / apartment / child care development (stca)

+ An amazing lifestyle location within easy walking distance to Southland Shopping Centre (250m*) one of Australia's largest shopping centres (David Jones, Myer, Apple, Village Cinemas), 800m* to Highett Road retail strip and railway station, and 3.5km* to Sandringham beach, retail, cafe & lifestyle precinct

+ Surrounded by an abundance of Parklands, lifestyle attractions including royal Melbourne golf course (ranked no. 7 in the world); secondary & tertiary education facilities including Brighton Grammar and Haileybury College and Monash & Deakin Universities

+ Excellent public transport infrastructure with new Southland railway station (approx. 300m away) to open in 2017

+ A blue-chip location in the heart of the coveted South Eastern corridor only 15km* south east from Melbourne's CBD

For sale via public on-site auction Friday December 16th at 12.30pm

The property will be open for inspection on:

+ Thursday 8th December at 1.30pm

For more information please contact the CBRE Victorian development sites team:

Julian White

+61 422 764 137

David Minty

+61 422 564 199

Carl Hexter

+61 409 411 507

*approx

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