Savills and Stonebridge Property Group are pleased to present for sale 430-434 Neerim Road, Murrumbeena. This 796 sqm* landholding boasts triple street frontage and a permit approval for a 7-storey building, comprising ground floor retail and 88-room student accommodation. The Property is in a prime south east location, directly across the road to Murrumbeena Train Station, and positioned in a central location between Monash University Clayton and Caulfield campuses. Murrumbeena is a high value residential market boasting a median house price of $1,650,000 (realestate.com.au 2024), providing a substantial opportunity for alternate development outcomes including apartment or childcare (STCA). Key highlights include: • Prominent 796 sqm* corner landholding with three street frontages totalling 89m* to Neerim Road, Murrumbeena Road & Melbourne Road • Existing improvements comprise a dual storey flexible brick building previously occupied by Foodworks & IGA with a GFA of 1,094sqm* • Permit approval for a 7-storey student accommodation building featuring 88 rooms, ground floor retail and communal facilities including rooftop kitchen & dining area, laundry & outdoor spaces • Flexible Commercial 1 Zone suitable for residential, commercial or mix-use development outcomes (STCA) • Immediate proximity to Murrumbeena Train Station and only 1.5km* from Chadstone Shopping Centre • Outstanding retail amenity situated along the bustling Neerim Road retail strip, home to all essential and boutique retail and dining options • Murrumbeena has a strong demand for housing in the suburb, underpinned by a median house price of $1,650,000^ *Approximate ^realestate.com.au 430-434 Neerim Road, Murrumbeena is offered for Sale via Expressions of Interest closing Thursday, 14 November 2024 at 2:00 pm (AEST). To obtain further information, or to arrange an inspection, please contact the exclusive selling agents. Savills agents: Tanya Su - 0430 302 950 Julian Heatherich - 0412 995 655 Beau Bakhtani - 0412 159 038 In Conjunction with Stonebridge Property Group: Julian White - 0422 764 137 Andrew Milligan - 0421 559 992 Chao Zhang - 0411 625 068
Stonebridge Property Group - Melbourne
Level 19, 627 Chapel Street, South-Yarra, Vic
Savills - Melbourne
Level 29, South Tower, 80 Collins Street, Melbourne, Vic
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