Stonebridge Property Group is pleased to present for sale 1 Victor Road, Bentleigh East.
This substantial 5,122 sqm* landholding is directly adjoining the Yarra Yarra Golf Course providing outstanding view aspect potential for developments on the site.
The site is permit approved for a retirement living project boasting 81 retirement apartments across four-levels, in the affluent inner south-eastern suburb of Bentleigh East. A prime location for a retirement living/aged care development given its proximity to several medical centres including Moorabbin Health (1.5 km*) and Holmesglen Private Hospital (2.3 km*).
Only 30 minutes to Melbourne’s CBD via Monash Freeway (5.5 km*) and Nepean Highway (3.8 km*), with great connectivity via Frankston, Pakenham and Cranbourne Train Lines with nearby Moorabbin Train Station (3.6 km*).
Bentleigh East is a high value residential market with a median house price of $1,420,000^. This site also offers outstanding alternate residential uses including apartment or townhouse (STCA).
There are existing improvements on the property comprising a hospitality and gaming venue currently offered with vacant possession.
The key highlights of the opportunity include:
- 5,122 sqm* site, adjoining Yarra Yarra Golf Club providing outstanding view aspect for completed units
- Permit approved for 81 retirement apartments over four-storeys
- Premium Bentleigh East location with outstanding surrounding amenity
- Alternate development outcomes include townhouse & apartment (STCA)
- Existing hospitality & gaming venue
To obtain further information, or to arrange an inspection, please contact the exclusive selling agents.
*Approximately
^ Source: REIV 2023
