Located only 12 km south of Melbourne's CBD, this perfectly positioned Ormond land holding of over 697 sqm is undoubtedly a highly valuable development site opportunity. Marketed by the Savills Melbourne team of Jesse Radisich, Nick Peden and Benson Zhou, this 6-townhouse site with lodged development plans is to be sold subject to planning approval.
Consisting of six (6) large townhouses, one of the key advantages of this site is its premium Ormond location - close to Ormond Village retail precinct and the newly developed Ormond Train Station, also serviced by the McKinnon Road retail precinct and McKinnon Train Station plus within the prestigious McKinnon High School Zone
Overall, this site is perfectly located in one of Melbourne's most highly sought after residential suburbs with a current median house price of $1,550,000 (Source: realestate.com.au). Importantly for the prospective purchaser/developer, is that Ormond has a track record as a proven, successful townhouse/apartment market.
" Ormond is recognised as a premium location for developers on the lookout for an opportunity to benefit from strong buyer demand within a blue-chip suburb and serviced by a wide array of amenity. This site represents a significantly de-risked opportunity to construct 6 large boutique townhouses– sites like this are highly sought after by developers” - Jesse Radisich, Savills
Summary:
- Prime Ormond landholding of 697 sqm - General Residential Zone 1
- Boutique 6 townhouse potential
- Lodged development plans - to be sold subject to planning approval
- On the doorstep of retail, public transport, education options and more
- Supported by high median house price of $1,550,000 (Source: realestate.com.au)
- Within the McKinnon High School Zone
- A significantly de-risked townhouse development opportunity in a very highly sought after location
Please note that all financials, measurements and distances quoted are approximate only.
19 Wheeler Street, Ormond is For Sale by Expressions of Interest closing Friday 28th April at 2pm.
For further information, please contact:
Jesse Radisich - 0402 085 702
Nick Peden - 0402 011 266
Benson Zhou - 0458 488 888
View Listing here: https://www.developmentready.com.au/properties/19-wheel...
