SOLD OFF-MARKET | Prime Development Opportunity
Another standout off-market result by Damian Coad.
Located in the heart of Clayton’s Activity Centre this substantial property of over 1000m2, boasts a highly sought after corner allotment ripe for development. Options exist to retain ‘as is’ (land bank), sub-divide with retaining the existing unit home or redevelop under the Residential Growth Zone (schedule 3); which provides for development up to 13.5m or 5-stories (STCA). Alternatively, smaller scale options such as the concepts shown within the images may be more desirable.
The future of Clayton is enhanced with the Suburban Loop (SRL) project and strategies set by the Victorian Government and Monash Council to create a vibrant hub offering a diverse range of commercial and accommodation options for the growing population.
Opportunities for redevelopment include student accommodation, medium density apartments, townhouses, medical facilities, childcare and more (STCA).
The demand for accommodation and health facilities in this precinct over the next decade is advantageous for the buyer of this rare property holding thanks to the SRL and the establishment of the Clayton Health and Education Research Precinct
Suburban Loop Project (SRL) - The SRL East station at Clayton will become a major interchange, with trains travelling in 4 different directions, providing faster and more convenient transport to key destinations across Melbourne and regional Victoria. The existing train lines will interchange with the East Corridor, a new link from Cheltenham to Box Hill, before continuing via Doncaster thru to Melbourne Airport and the western suburbs.
The Clayton Health and Education Research Precinct encompasses the major institutions of Monash University and Business Centre, Monash Medical Centre (recognised in Plan Melbourne as Victoria’s first health precinct), Monash Children’s Hospital, CSIRO’s largest site, and the Australian Synchrotron. It is also the site for the construction of the new Victorian Heart Hospital.
Upgrades have also been undertaken for Monash Hospital. The Victorian Government has invested $76.3 million in the Monash Medical Centre emergency department expansion and traffic improvement project.
Monash University will establish Victoria’s Health Innovation Centre, including a flagship cardiovascular disease-focused research accelerator, HeartLabs, and a new focal point for clinical trials, to create high-value jobs, intellectual property, start-ups, and attract and nurture new clinical trials.
The growth of Clayton makes it a smart location to invest. Planning departments will support redevelopment and buyer demand will ensure future capital growth.
To inspect simply meet us at one of our scheduled inspection times on site or contact us to arrange your private viewing.
Contract and Section 32 documentation now available. NOTE - phone discussion with the agent required before documents can be emailed, so please provide your phone contact details with any request.
We look forward in helping you with your purchase.
Disclaimer - At One Agency Peninsula, we make every effort to ensure the property information is accurate and reliable. However, we do not warrant its accuracy and disclaim all liability for any errors or omissions. We strongly recommend that all prospective buyers conduct their own due diligence and seek their own independent advice before making any property-related decisions.
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