24 Tennyson St, Elwood sold for $8,830,000


January 2017
Share article

24 Tennyson St, Elwood sold for $8,830,000

A trophy residential development site with existing 28 individual titles has been sold in one line by leading Melbourne Agency Knight Frank. The site has existing plans and permits for build a luxury 44 apartment complex over 5 levels including the basement.  

The existing apartment was sold for $200,682 each, equating to $4,702 per sq meter. The purchaser, who at this stage is unknown, has unparalleled potential for stable income of up to $547,560 per annum, or capitalize on the existing permit and deliver an outstanding product. 

For more information please contact Knight Frank agents:
Danny Clark,
0448 066 889


Andrew Greenway,
0409 537 626

Stephen Kelly,
0407 320 377

Similar Content


Article
Article
5 Mins - 23 Feb 2024

Property Showcase
Property Showcase
2 Mins - 22 Feb 2024

Deals of the Week
Deals of the Week
2 Mins - 19 Feb 2024

Business News
Business News
3 Mins - 16 Feb 2024

Property Showcase
Property Showcase
3 Mins - 14 Feb 2024

Development News
Development News
4 Mins - 14 Feb 2024

Load more Articles