430-434 Neerim Road, Murrumbeena, VIC 3163

Savills and Stonebridge Property Group are pleased to present for sale 430-434 Neerim Road, Murrumbeena.

This 796 sqm* landholding boasts triple street frontage and a permit approval for a 7-storey building, comprising ground floor retail and 88-room student accommodation.

The Property is in a prime south east location, directly across the road to Murrumbeena Train Station, and positioned in a central location between Monash University Clayton and Caulfield campuses.

Murrumbeena is a high value residential market boasting a median house price of $1,650,000 (realestate.com.au 2024), providing a substantial opportunity for alternate development outcomes including apartment or childcare (STCA).

Key highlights include:

• Prominent 796 sqm* corner landholding with three street frontages totalling 89m* to Neerim Road, Murrumbeena Road & Melbourne Road

• Existing improvements comprise a dual storey flexible brick building previously occupied by Foodworks & IGA with a GFA of 1,094sqm*

• Permit approval for a 7-storey student accommodation building featuring 88 rooms, ground floor retail and communal facilities including rooftop kitchen & dining area, laundry & outdoor spaces

• Flexible Commercial 1 Zone suitable for residential, commercial or mix-use development outcomes (STCA)

• Immediate proximity to Murrumbeena Train Station and only 1.5km* from Chadstone Shopping Centre

• Outstanding retail amenity situated along the bustling Neerim Road retail strip, home to all essential and boutique retail and dining options

• Murrumbeena has a strong demand for housing in the suburb, underpinned by a median house price of $1,650,000^

*Approximate ^realestate.com.au

430-434 Neerim Road, Murrumbeena is offered for Sale via Expressions of Interest closing Thursday, 14 November 2024 at 2:00 pm (AEST).

To obtain further information, or to arrange an inspection, please contact the exclusive selling agents.

Savills agents:

Tanya Su - 0430 302 950

Julian Heatherich - 0412 995 655

Beau Bakhtani - 0412 159 038

In Conjunction with Stonebridge Property Group:

Julian White - 0422 764 137

Andrew Milligan - 0421 559 992

Chao Zhang - 0411 625 068

Remember to mention you found this property on DevelopmentReady