Permit Approved, Prestigious Mixed Development Site – Surrey Hills

Leading real estate firm Colliers International have unveiled arguably one of the best permitted development sites the market has seen this year.  Located just 11km east from Melbourne's CBD, this prime Surry Hills freehold is a fantastic mixed development offering from the Colliers team of Hamish Burgess, Bryson Cameron and Ben Baines. 

This outstanding site which has a park side location is positioned within the prestigious City of Boroondara. Its approved Permit comprises of 17 townhouses, 12 apartments and 5 retail/office spaces - a configuration which will certainly appeal to this fashionable area’s property buyers.

With a highly desirable land size of 2,553 SQM, its dimensions, plans, Approved Permit and Commercial 1 Zoning, all represent great upside potential for the insightful developer looking to capitalise on one of Melbourne’s high performing suburban locations – its median house price is currently $1,800,000 with neighbouring Canterbury rising to $2,620,000.

Overall, this site is perfectly located adjacent to Surrey Gardens, with direct access to Surrey Hills railway station – only 100m away, Union Road shopping village (soon to have Coles Supermarket) and also within easy access to Mailing Road shopping village.

" Mixed-Development sites with an approved permit of this proportion in such a prestigious suburb are in short supply – combine this with Surry Hills strong buyer demand and you really have a superb development opportunity."  Hamish Burgess, Colliers International. 

Summary

• Valuable and substantial land holding of 2,553 sqm, with a frontage of 55m to Canterbury Rd
• Commercial 1 Zoning
• Approved permit for 17 townhouses, 12 apartments and 5 retail/office spaces
• 100m from Surrey Hills Station
• Excellent location, close to important amenities –retail, schools, parks and recreation
• Strong buyer demand area

Please note that all financials, measurements and distances quoted above are approximate only.

352-358 CANTERBURY ROAD, SURREY HILLS is For Sale by Expressions of Interest closing Wednesday 26th April 2017 at 2pm.

For more information please contact exclusive marketing agents Colliers International.

Hamish Burgess                +61 421 641 497

Bryson Cameron               +61 434 608 316

Ben Baines                         +61 438 328 407

Visit the listing here: https://www.developmentready.com.au/properties/352-358-...