A 1,115 sqm site in the high value suburb of Gardenvale has hit the market, and with a high exposure to the Nepean Highway and commercial zoning, the demand amongst a range of developer types is expected to be strong.
Stonebridge Property Group’s Julian White, Chao Zhang and Rorey James have been appointed to sell the development site at 203-207 Nepean Highway, Gardenvale.
The site is rare offering, allowing for tremendous exposure to 52,000 passing vehicles per day with 31m of frontage on the Nepean Highway as well as rear lane access.
The value of the site is underpinned by its location in the affluent South East of Melbourne, with surrounding suburbs such as Brighton, Brighton East and Elsternwick. “This is one of the most sought and high-quality real estate areas in Melbourne, with median house prices of $2.97 million in Brighton and $2.1 million in Brighton East reflecting 27.5% and 17.59% price growth over the past 5 years respectively”, said Stonebridge Partner Julian White.
In addition, the site is rich in nearby amenities, including being conveniently located in between the Martin Street retail village (100m) and Gardenvale retail village (100m) and in close proximity to numerous public transport options such as Gardenvale Train Station (150m) and Gardenvale Bus Service (100m).
The property is for sale via Expressions of Interest closing on Thursday 1st of April 2021 at 2pm (AEDT).
For further information please contact:
Julian White | 0422 764 137 | JWhite@stonebridge.com.au
Chao Zhang | 0411 625 068 | CZhang@stonebridge.com.au
Rorey James | 0439 400 081 | RJames@stonebridge.com.au