This expansive land holding of 4,283sqm is located in the popular south eastern suburb of Langwarrin - well serviced by nearby major road networks including the Mornington Peninsula Freeway and Cranbourne-Frankston Road. The Savills Melbourne team of Julian Heatherich and Benson Zhou believe that this site offers an exciting opportunity to deliver a boutique townhouse project - in one of Langwarrin’s most sought after estates.
With concept plans for 12 townhouses (STCA), this site has a multitude of key qualities. Langwarrin is a high demand with house prices in this pocket now achieving over $1,000,000, being far above the average for the area. Langwarrin has almost double the Victorian average for the number of page visits per residential property on realestate.com.au, underling the high level of demand.
Overall, this site is well located with two main shopping centres - Gateway Shopping Village and Karingal Hub Shopping Centre plus a number of small shopping strips and within easy distance to various schools.
“This Langwarrin site presents an exciting opportunity for the perspective investor to benefit from proven buyer demand in this south-eastern suburb location. We currently rate this site as one of the south east’s best boutique development opportunities (STCA)” - Julian Heatherich, Savills Melbourne.
Summary:
- Expansive landholding of 4,283sqm
- General Residential Zone 1
- Concept plans for 12 townhouses (STCA)
- Situated in one of Melbourne’s highly sought after south-eastern suburbs
- Well serviced by the Mornington Peninsula Freeway and Cranbourne-Frankston Road
- Close proximity to key retail and lifestyle amenities plus schools.
- A significant urban development opportunity not to be missed!
Please note that all financials, measurements and distances quoted are approximate only.
1 Quail Place, Langwarrin is For Sale by Expression of Interest closing Wednesday 5 April at 2pm. For further details contact:
Julian Heatherich - 0412 995 655, Benson Zhou - 0458 488 888
