Stonebridge Property Group have been entrusted to transact a significant corner landholding within Ashwood, located at 10 Harold Street & 55-57 High Street Road.
The asset sits prominently on a corner allotment with central positioning to some of Ashwood’s best amenity including the Warrigal Road retail strip (180m), Woolworths Supermarket (180m), Ashwood Reserve (280m), Ashwood High School (570m), Holmesglen (1.1km), Holmesglen Train Station (1.1km), Chadstone Shopping Centre (2.3km) and Wesley College (5km).
The site is being offered with complete flexibility to buyers with a choice to purchase part, 1,597sqm* or the whole site encompassing 3,202sqm.
Further advantages of the site include the frontage to both High Street Road totalling 58m and Harold Street totalling 57m. With this frontage comes a multitude of residential development outcomes including townhouse and apartments or childcare projects (STCA). All buyer groups will be looking to leverage the design flexibility created with such prominent dual frontages.
With house prices in neighbouring suburbs Ashburton and Burwood skyrocketing over the past few years, we now see that popularity turn to Ashwood, now enjoying a median house price increase of 11.55% over the past 12 months.
According to Stonebridge Property Group, Partner, Julian White “Ashwood is a growing suburb sought after by a widespread demographic due to great surrounding amenities, parks, public transport options and is close proximity to the Melbourne CBD (12km). We foresee this activity as supporting the need for future development sites in Ashwood by taking care of the increasing demand.”
The development site is for sale via Public Expressions of Interest closing Thursday 5th August 2021 at 2:00pm (AEST).
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