This article is from the Australian Property Journal archive
A 5,582 sqm development-ripe residential site in Melbourne’s eastern suburb of Croydon has hit the market with expectations of around $9 million.
The 61-63 and 65-67 Beaufort Road property has two residential homes and offers 60m of frontage. Croydon saw a 55.7% increase in apartments and 28.5% increase in townhouses between 2006 and 2016, according to census data.
JLL’s Tom Ryan, Marcus Quinn and Lincoln Reynolds are handling the expressions of interest campaign, which closes on May 24.
“More developers are turning their attention to smaller owner-occupier projects and the appetite for this product from buyers is looking to get a foothold in the market after a strong run of price growth” Ryan said.
The property is positioned adjacent to the Burnt Bridge shopping centre.
Australian Property Journal
