For Sale – Vacant Possession - 412 - 414 Burwood Highway, Vermont South

Development/Land (Residential, Childcare, Hotel/Leisure, Medical)

Property ID: 19837
Price: Contact Agent
Land: 1,311m²
Zoning: Residential Growth Zone - Schedule 1

Available for Private Sale

Melbourne’s coveted eastern suburb has already approved the development of a brand new residential offering, the only thing that’s left is for a developer to claim the short-cut opportunity. This profile site comprises 1,311 sqm* of irreplaceable corner-positioned land with over 60 metres* of frontage offering unrivaled park views.

With two three-bedroom homes currently existing on the site offering holding income, the permit allows for 33 apartments with a mix of 1, 2 and 3 bedrooms to be built here, next door to Billabong Park. Or, a childcare development or student accommodation could also be ideal in a location like this, particularly with 29,000 commuters passing Burwood Highway on a daily basis. Deakin University is a 15-minute commute on the 75 tram, the Eastlink is 3.2 km* away, and the Monash — sitting 5 km* from here — will get you into the CBD in 40 minutes. Vermont South has already been set up for convenient living and simple access. Vermont Shopping Centre is a 4-minute drive down the road and hosts Coles, Petstock, and Aldi, whilst also supporting local butchers and grocers. There’s also a highly regarded physiotherapist across the road, as well as the Ramsay Gardens Cafe for a quick long black or impressive chilli eggs.

- 1,311 sqm* of total land area.
- A corner site with an approved permit for 33 apartments.
- Over 60 metres* of park views.
- 2 existing 3-bedroom homes are currently on the site.
- Residential growth zone.
- Direct exposure to Burwood Highway’s 29,000 daily passing commuters.
- 100 m* to the 75 tram.
- 3.2 km* to the Eastlink.
- 5.2 km* to the Monash Freeway.

Acute developers that have no interest in beating around the bush (read: paying holding costs) will get here even quicker with the recent Burwood Highway Tram extension. This is a development that has its roots already established in getting your ROI without delay.

Pricing excludes GST

Additional Info
Availability30 - 120 days
Car SpacesOnsite
Permits IssuedYes
Suitable DevelopmentResidential / Childcare / Medical
ZoningResidential Growth Zone - Schedule 1
Owners’ CorporationN / A
Council RatesTBC
Water RatesTBC
Land TaxTBC
Agent Details
CVA Property Consultants - Daniel Philip

Daniel Philip

M | 0439 977 121
T | (03) 9623 2560
E | [email protected]

CVA Property Consultants - Ian Angelico

Ian Angelico

M | 0418 336 088
T | (03) 9623 2578
E | [email protected]

Ask About The Property