Seven development sites will go under the hammer at CBRE’s next Victorian Development Sites Auction Day event in November. The seven sites are located in Melbourne’s popular inner south and eastern suburbs, including South Melbourne, Glen Iris, Doncaster East, Box Hill South, Templestowe Lower and Templestowe – with each carrying a price expectation upwards of $2.5million
Total site sizes range from 722sqm to 3,091sqm, and suit a variety of development outcomes including apartment, townhouse, aged care and commercial, with the Templestowe Lower, Box Hill South, and both Glen Iris sites offering prospective buyers permit approval. CBRE State Director of Victorian Development Sites Julian White said the November Auction Day will appeal to wide range of developers of varying product types looking for quality in-demand locations for their next project.
“The south and eastern suburbs of Melbourne are Victoria’s most established and populated housing markets. They are under constant pressure by demand for a range of residential accommodation, evidenced by continual median house price growth,” Mr White said.
The sites listed for sale are as follows:
NOVEMBER AUCTION DAY | Land size | Summary/ permit |
|---|---|---|
1,536sqm | Corner site permit approved for 26 residences | |
722sqm | Permit approved for 21 apartments | |
3,091sqm | Existing 27 x 1 bed units | |
1,483sqm | Permit approved for 27 apartments | |
2,307sqm | Existing 3 houses | |
1,000sqm | Existing dual office/ warehouse across two titles | |
885sqm | Corner site permit approved for 23 apartments |
The November Auction Day will take place at the Caulfield Park Bowling Club on Thursday 16th November at 12.30pm.
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