Stonebridge Property Group is pleased to present for sale 10-16 Selwyn Street, Elsternwick.
This 5,640 sqm* landholding includes a permit approved, mixed-use development for a full line supermarket and 139 apartments offering exceptional Melbourne CBD and bay views. The property is located within one of Melbourne's most prominent suburbs, Elsternwick, on the doorstep of the high-profile Glen Huntly Road retail strip.
The proposed development contains exceptional security for a purchaser, being sold with a 10-year Agreement for Lease from Woolworths.
The key highlights of the opportunity include:
- Prominent 5,640 sqm* corner landholding in the Elsternwick Activity Centre, adjoining the high-profile Glen Huntly Road retail strip
- Permit approved for a full line supermarket, 139 luxury apartments, Place of Assembly, additional retail and basement car parking, designed by highly renowned architect, Fender Katsalidis
- Executed Agreement for Lease in place to Woolworths, with a brand new 10-year lease plus 10 x 5 year options upon completion. Woolworths Group is an ASX-20 listed tenant and Australia's largest supermarket operator
- The permit approved envelope has the potential to cater for a significant lack of high density housing in Elsternwick and a major retail catchment with limited supermarket options
- Direct access to the Melbourne CBD (8 km*) via the Elsternwick Train Station (100 m*), Nepean Highway (350 m*) and tram 67 (immediately on Glen Huntly Road)
- Apartments benefit from Port Phillip Bay water and CBD views
- Affluent area with a median house price of $2,200,000 and retail expenditure significantly greater than the Melbourne average^ ^^
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.
*Approximate
^ Location IQ
^^ Realestate.com.au
