24 Tennyson St, Elwood sold for $8,830,000

A trophy residential development site with existing 28 individual titles has been sold in one line by leading Melbourne Agency Knight Frank. The site has existing plans and permits for build a luxury 44 apartment complex over 5 levels including the basement.  

The existing apartment was sold for $200,682 each, equating to $4,702 per sq meter. The purchaser, who at this stage is unknown, has unparalleled potential for stable income of up to $547,560 per annum, or capitalize on the existing permit and deliver an outstanding product. 

For more information please contact Knight Frank agents:
Danny Clark,
0448 066 889

Andrew Greenway,
0409 537 626

Stephen Kelly,
0407 320 377