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This exceptional development opportunity has its value underpinned by its prime location with the Urquhart Estate to the North and the Scotch Hill precinct to the South. Both these areas are renowned for their close proximity to a range of shopping options including Glenferrie Road, Camberwell Junction or the Tooronga Complex. Plus the Kooyong Parklands, Gardiners Creek trails, Hawthorn Hockey Club and the Velodrome; all providing easy access to an array of recreational options. Or the CBD via CityLink or public transport - reinforcing the convenience and lifestyle benefits attached to this site.

The property is within a residential growth zone and comes with plans for a luxury apartment complex. The plans, which provide for a mix of 25 one, two and three bedroom apartments over four levels with basement and visitor parking, have been lodged with Boroondara Council but yet to be approved. This opportunity has outstanding capital appreciation prospects given its scale and prized residential lifestyle positioning. There is also another scheme available for 39 one and two bedroom apartments. Land Size:1526 sqm (approx..)
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Associate Director
Nick Ptak
Partner
Kathy Malcolm
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    Prime Residential Growth Zone Development Site On Scotch Hill
    Prime Residential Growth Zone Development Site On Scotch Hill
    This exceptional development opportunity has its value underpinned by its prime location with the Urquhart Estate to the North and the Scotch Hill precinct to the South. Both these areas are renowned for their close proximity to a range of shopping options including Glenferrie Road, Camberwell Junction or the Tooronga Complex. Plus the Kooyong Parklands, Gardiners Creek trails, Hawthorn Hockey Club and the Velodrome; all providing easy access to an array of recreational options. Or the CBD via CityLink or public transport - reinforcing the convenience and lifestyle benefits attached to this site.

    The property is within a residential growth zone and comes with plans for a luxury apartment complex. The plans, which provide for a mix of 25 one, two and three bedroom apartments over four levels with basement and visitor parking, have been lodged with Boroondara Council but yet to be approved. This opportunity has outstanding capital appreciation prospects given its scale and prized residential lifestyle positioning. There is also another scheme available for 39 one and two bedroom apartments. Land Size:1526 sqm (approx..) Due Diligence Checklist
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    Hawthorn
    Median House Price
    $2,705,000
    2 bedroom
    $1,540,000
    3 bedroom
    $2,125,000
    4 bedroom
    $3,100,000
    About Hawthorn

    Live Like a Local

    Hawthorn’s celebrated suburban lifestyle makes it one of Melbourne’s most sought-after locations. Close enough to the city, but far enough away so that coming home feels like a relaxing escape, this well-established area offers families everything they could desire. At the heart of this suburb is Glenferrie Road, a vibrant corridor for designer fashion, homewares and cheerful cafes. With it’s own aquatic centre, cinema, bowls and tennis clubs, Hawthorn offers the convenience of city living with a unique setting that’s hard to forget.

    Explore Hawthorn
    Hawthorn
    Hawthorn’s celebrated suburban lifestyle makes it one of Melbourne’s most sought-after locations.
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