Savills and Magree Property Advisory (Transaction Manager) are pleased to offer for sale this high profile bayside landholding in what is one of Melbourne’s most highly sought after development catchments. With a prominent frontage to Como Parade West, this prime development opportunity lends itself to multiple future uses, as well as providing potential for prospective owner occupiers alike.

The key attributes of the property include:

  • Significant bayside landholding of 4,765sq m*

  • A private hospital building of 3,500sq m*

  • Short term Lease to Calvary Health Care (2 years plus 2 x 6 month options)

  • Current Rental of  $550,000 per annum + GST

  • Extensive Como Parade West street frontage of 50m*

  • General Residential Zone 2 offering various development outcomes (STCA)

  • Direct proximity to Parkdale Train Station and retail precinct

  • Exceptional position within one of Melbourne’s most tightly held bayside suburbs serviced by extensive lifestyle and retail amenity

The opportunity to secure such a high calibre suburban investment with significant development potential is very rare, especially when you consider the strong rental return, high quality tenant and the substantial size of the landholding.  Accordingly we encourage prospective purchasers to actively consider this excellent opportunity.

152 Como Parade West, Parkdale is For Sale by Expressions of Interest closing Tuesday 3 July at 2pm.