This article is from the Australian Property Journal archive
A LANDMARK Oakleigh site of 585 sqm on the corner of Atherton and Warrigal Roads is up for sale, offering potential for a development of eight levels or more.
The triple-fronted, highly exposed 2-4 Atherton Road property in Melbourne’s middle south-eastern suburbs has an existing two-level retail and office building of 435 sqm, and on-site parking for up to 12 vehicles.
Within the building are a 90 sqm ground floor retail and office space that has a demolition clause included in the lease, a rear ground floor office space of 134 sqm, and first floor office of 211 sqm.
Oakleigh station and its bus interchange are positioned nearby to the south of the site; to the east is Eaton Street Mall, renowned as a hub for Melbourne’s Greek community, attracts visitors to its cafés and eateries throughout the day and night, and Oakleigh Centro Shopping Centre is also close.
The property is positioned across from the five-storey, 46 apartment development under construction at 59-63 Warrigal Road, and just a few metres away an eight-storey development has been approved for 37-41 Warrigal Road.
On the same block, permits have been approved for a nine-storey mixed-use project at 11 Chester Street, and further along Atherton Road, at number 89, approval has been granted for a seven-storey, 95-apartment project.
Crabtrees’ Chris McKenzie and Rod King are handling the sale.
Australian Property Journal
