Gross Waddell ICR are excited to offer for sale 525-533 Glen Huntly Road, CNR Hopetoun Street, Elsternwick, for sale via on-site Auction on Thursday 19th May 2022 at 2.30pm.
For the first time offered to the market as a whole in some 50 years this highly sought but rarely found opportunity to acquire 5 shops with dwellings all on individual titles features immense future potential for both investors and developers alike.
Key features are below:
- 5 double storey shop and dwellings providing valuable income all on individual titles and offered in one line
- Prominent Elsternwick corner landholding of some 743m²* providing a blank canvas for value-add investors, developers, land bankers or future owner occupiers looking for an outstanding location for their needs
- Triple street frontages with a total of 80m to Glen Huntly Road, Hopetoun Street and a rear ROW
- Hugely flexible mixed-use zoning allowing potential for a range of future uses
- Excellent location within a premium retail shopping precinct with access to leading local schools and varying public transport options including tram and train
- Situated 250m* from Coles Elsternwick, one of the best performing Coles stores in Victoria, if not Australia
- Set within one of Melbourne most in demand suburbs, offering an abundance of lifestyle amenity with a median house price currently at $2,3000,000 (Source: REIV).
For further information, please contact the selling agents at Colliers or Gross Waddell ICR.
Acting under the instructions of Advise Transact.
In conjunction with Colliers