Located just 10 km east of Melbourne's CBD, this perfectly positioned land holding is justifiably one of Balwyn North’s best residential development opportunities.
Marketed by the Upper East Side Real Estate team of Peter Bozinoski and Manaaki Hurst, this site has Approved Development Plans for 5 exquisitely crafted homes over three levels each with double lockup garages. In addition, each apartment is serviced by its own private lift from the basement carpark.
Designed by renowned architects, TA Square, this residential project will appeal to the most discerning young professionals and down-sizer buyers seeking the epitome of luxury living.
This prime site is positioned within a tightly held residential precinct. Its premium location is well serviced by a wide selection of retail convenience, transportation education options, parks and more.
Overall, this site is located in one of Melbourne's most highly desirable residential suburbs, which currently has a median house price of $2,030,000 with a compound annual growth of 11.6% (Core Logic). Importantly for the prospective purchaser/developer, is that Balwyn North is recognised as a flourishing development market.
"For developers, Balwyn North offers a recognised location to satisfy buyer demand for readily accessible lifestyle preferences. This Permit Approved site affords the opportunity to speedily commence construction of a luxury residential project in a premium location. Balwyn North sites like this are exceptional and therefore highly sought by developers” - Peter Bozinoski, Upper East Side Real Estate.
Summary:
- Highly valuable Balwyn North landholding
- Permit Approved for 5 luxury homes over 3 level with direct lift access
- Designed by renowned architects TA Square
- On the doorstep to retail, transportation, education options, parks and more
Please note that all financials, measurements and distances quoted are approximate only.
1110 Burke Road, Balwyn North is For Sale by Expressions of Interest.
Closing date is 4pm on Thursday 16 August 2018
For further information, please contact Upper East Side Real Estate:
Peter Bozinoski: 0413 136 486
Manaaki Hurst: 0448 351 212
