Gross Waddell ICR is delighted to present for sale 96-98 Morang Road, Hawthorn, an exceptional development opportunity located on the banks of the Yarra River. This exclusive location offers the embodiment of luxury living for any future residential development (STCA).

• Exclusive river front development opportunity located in one of Melbourne’s most luxurious inner-city suburbs

• Substantial corner landholding of 1,195 sqm* with dual access from both Morang Road and Glan Avon Road

• Favourably zoned General Residential Zone (GRZ3), providing inherent development potential post lease expiration (STCA)

• Short-term holding income with leases in place to 3 tenants

• Conceptual plans for 7 oversized apartments (STCA) ideally suited for astute owner occupiers or downsizers

• Proximity to world class developments achieving sales rates up to and in excess of $25,000 per sqm

• Nestled within one of Melbourne’s most prestigious suburbs with a burgeoning median house price of $2,800,000 (source REIV)

• Ideal connectivity with tram stops merely 125 m* from your door step and Hawthorn train station only 500 m*

• Surrounded by a plethora of Melbourne’s elite private schools including Melbourne Girls College, Scotch College and St Kevins College

• Within immediate proximity to thriving retail precincts including Burwood Road (550 m*), Glenferrie Road (1.1 km*), Bridge Road (1.25 km*) and Church Street (2.25 km*)

The property is for sale via an Expression of Interest campaign closing at 3:00 pm on Thursday the 5th of September 2024. For further information or to discuss this development opportunity further, please contact the team at Gross Waddell ICR directly.

*approx.

 For further information, or an inspection of the premises, please contact an agent.