1254-1258 Glen Huntly Road, Carnegie is surrounded by a plethora of amenity and is situated in a highly regarded pocket merely 10.5km southeast of Melbourne’s CBD. Boasting an existing planning permit and stamped plans, this development opportunity is ripe for the astute developer or owner-builder as the immediate vicinity has a strong history of proven developments.

• Sprawling parcel totaling 2,017sqm* of Commercial 1 Zone (C1Z) land
• Permit approved for a mixed-use development including retail and apartments
• Already endorsed plans for 59 apartments and 2 ground floor retail tenancies over 6 levels plus basement
• Consisting of oversized apartments with a blend average size of 81sqm* and a total NSA of 5,123sqm*
• Ability to increase the number of apartments, with a previous scheme consisting of 71 apartments, or convert the permit to an alternate use (STCA)
• The property offers ideal connectivity as its located meters from Glenhuntly train station and has a number of tram stops on the front doorstep
• A plethora of retail and lifestyle amenity moments from the property accommodating a myriad of cafes/restaurants, parks, schools, and shopping destinations
• Meters to Caulfield Racecourse, the newly developed Caulfield Village, and Monash University
• Sandwiched between Carnegie and Glen Huntly, with respective median house prices in excess of $1,300,000 (source realestate.com.au)

The property is for sale via Expressions of Interest closing 12:00 pm on Friday the 20th of November 2020. For further information or to discuss the opportunity in detail, please contact Gross Waddell directly.

 For further information, or an inspection of the premises, please contact an agent.