Armadale’s finest permitted development site spanning 2,186 sqm on Wattletree Road for sale, offering one of the largest development opportunities this prestigious suburb has seen for some time. Danny Clark, Michael Gross and Alex Ham of Gross Waddell ICR, alongside Charter Keck Cramer as Transaction Managers, are marketing 79 & 81-83 Wattletree Road for sale.
Armadale’s finest permitted development site spanning 2,186 sqm across three (3) titles on Wattletree Road for sale, offering one of the largest development opportunities this prestigious suburb has seen for some time. Danny Clark, Michael Gross and Alex Ham of Gross Waddell ICR, alongside Charter Keck Cramer as Transaction Managers, are marketing 79 & 81-83 Wattletree Road for sale.
Danny Clark, Michael Gross and Alex Ham of Gross Waddell ICR, alongside Charter Keck Cramer as Transaction Managers, are marketing 79 & 81-83 Wattletree Road on behalf of a family who have owned this collection of properties for over 40 years.
The premium development opportunity is being offered with a recently approved permit for a luxury five (5) storey residential development, with plans consisting of 38 apartments across 3,661 sqm* of net saleable area. Designed by the highly regarded Rothelowman architects, the oversized apartments are created for the discerning downsizer, owner occupier and investors segments of the market.
Danny Clark says, “Very rarely do supersites of this size and scale become available in one of Melbourne’s most prestigious suburbs. 79 & 81-83 Wattletree Road will allowing incoming developers to create a destination and redefine the precinct, whilst set new benchmarks for apartment living in Armadale”.
Michael Gross said, “The site benefits from an extraordinary permit as it’s for a premium five (5) level development and will enjoy unparalleled city skylines and northern aspect view. Melbourne’s luxury apartment market continues to gain attention from private and offshore developers with apartment sales rate per sqm achieving in excess of $15,000-$20,000 per sqm in neighbouring suburbs”.
Alex Ham said, “The site is nestled amongst a wide array of retail and lifestyle amenity, making the location uniquely attractive to a number of end purchasers. The surrounding catchment comprises of a well-established and affluent population”.
To request a copy of the Information Memorandum please contact one of the marketing agents via the contact form below.