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KEY INVESTMENT HIGHLIGHTS
Incredibly scarce infill development site suitable for residential development.
Three street frontages including Neerim Road, Bletchley Road and Clapham Road totalling 147m* with frontage to Neerim Road of 82m*.
Proximity to the world-famous Chadstone Shopping Centre and Mixed-Use precinct which is currently undergoing significant redevelopment.
Easy access to Hughesdale train station which is situated just 550m* away.
Tightly held residential area with a median house price of $1,390,000 (REIV) and a proven market acceptance for medium density housing.
Both properties have the benefit of existing improvements on-site providing the potential to be leased to provide an income or occupied as a display suite.
Given the high quality location and size of the land holding, alternative development outcomes such as Childcare, Retirement Living, Medical or Owner Occupation could also be considered.
The property is strategically positioned between three university campuses including Monash University Caulfield, Monash University Clayton and Holmesglen Institute.
