A 1,259sqm permit approved corner landholding for 14 luxury apartments in Kew, will be sold via auction on Thursday 11th March 2021 at 12:30pm onsite.
Stonebridge Property Group’s specialist development site sales division of Julian White and Chao Zhang have been appointed to market the property at 365 Cotham Road, Kew.
Designed by renowned architect Ewert Leaf, the 14 apartments average internal areas of 112sqm and private outdoor areas of 63sqm (including roof top terraces for a number of apartments), positioned perfectly to owner occupiers seeking a quality apartment option.
Being positioned on one of the highest points in Kew, many of the apartments will also benefit from excellent views and natural light, complementing the quality design and location. The site is also across the road from the famous Sackville Ward precinct, which is one of Melbourne’s most sort after residential areas.
The property also benefits from outstanding amenity, with a tram and bus route at your doorstep, as well as being walking distance to several major suburban commercial and retail precincts including Kew Junction and Camberwell Junction.
“There has been a genuine lack of high quality inner suburban apartment sites presented to the market over the past 12 months, and the ones that have been, have sold well. This section of Kew offers exceptional amenity, that will underwrite demand for apartment product, that we are seeing already with many successful Kew apartment projects nearby” said Chao Zhang
Two advanced projects next to the site are:
- Beulah International’s “The Grounds of Kew Residences”, featuring 21 luxury apartments, with construction complete.
- CD Group’s “Daracombe Residences”, featuring 19 apartments, with 15 now sold and construction underway.
In addition, at the project “Rondure House” on Fenwick Street, Kew, there was a record penthouse result with a $6.5 million dollar off the plan sale in April 2020.
365 Cotham Road comes to the market, at a time that residential prices are at all time high’s across Australia. “According to a Core Logic report, Melbourne dwelling prices surged 2.1% quarter-on-quarter, with Melbourne’s median price now the highest it has ever been. This growth should lead to more demand from buyers for apartment product given the gap in affordability” said Julian White.
For further information please contact –
Chao Zhang | +61 411 625 068 | czhang@stonebridge.com.au
Julian White | +61 422 764 137 | jwhite@stonebridge.com.au
