Mixed Use Development Opportunity in Bayside Location

SOLD

284-286 Highett Road

Highett VIC 3190

Development

FOR SALE

7810m2

    • Building Name Highett Shopping Centre
This landmark "mixed use" development site with a current planning permit for 7,810 sqm of retail, 115 apartments and 460 car spaces and including a 20 year agreement to lease from Woolworths for a Safeway Supermarket and Liquor, provides the developer / builder the ideal opportunity to enhance this 11,099 sq metre, business 2 zoned site.

The property enjoys a wide frontage of 151 metres (approx.) to the busy Highett Road, which links to the Nepean Highway and the Melbourne CBD, and a frontage to Graham Road of 65 metres (approx.). The property is located opposite the Highett Railway Station and is complimented by the busy Highett strip shopping centre.

The salient features of the property include:

- Current plannning permit
- 11,099 square metres (approximately) of site area
- Two street frontages; corner location (Highett Road & Graham Street)
- 20 year lease agreement to Woolworths
- Will provide Safeway with the only "full-line" supermarket in the Bayside area
- Cleared site ready for development
- Long term growth in emerging Bayside residential area