Savills is thrilled to offer for sale this premium development opportunity located within one of Melbourne’s most affluent locations at 447 Bay Street, Brighton. This property represents an unbelievably rare opportunity to deliver a luxury mixed use project, ideally located within close proximity to extensive retail amenity, education facilities and quality lifestyle attractions.

The key attributes of the remarkable property include:

  • Prominent corner landholding of 1,040sq m*

  • Approved permit for 17 premium apartments plus ground floor retail

  • Substantial holding income with a short term lease returning $177,212 per annum*

  • Direct proximity to North Brighton Train Station

  • Prime Bay Street location which boasts a myriad of high quality shopping, dining and entertainment options and a full-line Coles supermarket

  • Close to elite educational facilities including Firbank Grammar School and Brighton Grammar School

  • Located in one of Melbourne’s most prestigious residential locations with a median house price of $2,280,000^