Stonebridge Property Group is pleased to present for sale 1380-1388 Centre Road, Clayton South.
1380-1388 Centre Road, Clayton South is a significant 6,400 sqm* landholding boasting flexible Mixed-Use Zone and Design and Development Overlay outlining a preferred height of 6-storeys with potential to exceed these parameters (STCA).
Located 150 m* from the Cedar Woods completed master-planned residential community – Jackson Green – which comprises 151 townhouses and 400 new apartments, setting the precedent for a substantial development project along this section of Centre Road (STCA).
Situated in the prime Monash National Employment and Innovation Cluster, the second largest employment area in Victoria – contributing $9.4 billion to the Victorian economy each year^. Anchored by Monash Health medical centre, Victoria’s largest public health service precinct in close proximity (850 m*), and Monash University, Australia’s #4 ranked university only 1.8 km* away.
The site has a prominent 65 m* frontage to Centre Road and existing warehouse/office improvements totalling 4,541 sqm* Gross Lettable Area providing rental income of $256,287* p.a. plus GST, leased to national tenant Breeze Logistics.
The site is just 500 m* to Clayton Train Station and future Clayton Suburban Rail Loop Station, making the area a key transport interchange and development hot spot in Melbourne’s southeast, expected to cater for more than 90,000 transfers a day by 2056^^. Clayton Road retail strip is only 350 m* away, providing access to Coles and Chemist Warehouse as well as, a range of cafes, bars and boutique retail outlets.
The key highlights of the opportunity include:
- Substantial 6,400 sqm* landholding with future development potential (STCA)
- Flexible Mixed-Use Zone providing substantial development potential with discretionary height of 20 m* (STCA)
- Potential development options include residential, student accommodation, retail, office, hotel or a true mixed-use project (STCA)
- Only 350 m* to Clayton Road retail strip, 500 m* to Clayton Train Station and future Suburban Rail loop station, 850 m* to Monash Health medical centre and 1.8 km* to Monash University
- Within the Monash Employment and Innovation Cluster surrounded by multiple national and international employers and research institutions: CSIRO, Monash University, Australian Synchrotron and Monash Health
- Existing warehouse/office improvements with 4,541 sqm* Gross Lettable Area
- Town planning advice from proUrban has suggested higher development outcomes are achievable for between 7-8 storeys (STCA), this detailed planning letter is available upon request.
To obtain further information, or to arrange an inspection, please contact the exclusive selling agents.
* Approximate
^ Source: Victoria’s Big Build
^^ Victoria’s Department of Transport and Planning
