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Permitted Site in Exclusive Elwood - #1
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For Sale

Expressions of Interest closing 24th Jun 2021 Colliers, 367 Collins Street, Melbourne
Colliers are pleased to present 55 Southey Street, Elwood for sale via Expressions of Interest closing Thursday 24 June 2021 at 2pm.

Located in the exclusive bayside suburb of Elwood, approximately 7 km from Melbourne’s CBD, the site is ready to be transformed into a luxury residential development of 10 good-sized apartments set on a beautiful tree-lined suburban street; and is a leisurely walk to Elwood foreshore, local shops and public transportation.

Key features of this development opportunity are noted below:

•Site area of 694 sqm* and 20 m* frontage to Southey Street
•Permitted development to include a three-storey building of 10 apartments with a total NSA of 855 sqm*
•Site improvements include a single-storey residential dwelling, currently returning $54,756 per annum
•General Residential Zone (GRZ1) within the City of Port Phillip
•An abundance of nearby retail, education and parklands including; Glen Huntly Rd retail strip, Glen Eira Rd retail strip, Elwood College, Elwood Primary School, Clarke Reserve and Elwood Foreshore
•Serviced by ample public transport including Ripponlea Station and St Kilda Road/ Brighton Road/ Nepean Highway tram providing direct access to Melbourne’s CBD
•Highly sought after bayside suburb, 7 km* from Melbourne’s CBD, with a median house price of $2,050,000**

* Denotes approx.
** Source: CoreLogic RP Data

Thursday 20 May:12pm – 12:30pm
Thursday 27 May:12pm – 12:30pm
Thursday 3 June:12pm – 12:30pm
Thursday 10 June:12pm – 12:30pm

For further information, please contact the exclusive selling agents at Colliers.

Hamish Burgess
0421 641 497

Joe Kairouz
0421 430 638
  • 14/07/2021
  • Contact our experts for details on this transaction