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Jones Real Estate is privileged to present 389-395 Bay Street, Brighton to the market For Sale via International Expressions of Interest closing on Weds 6 Sept 2023 at 12pm (AEST).
It is increasingly rare and luxurious, permit approved residential development opportunity, situated in one of Melbourne’s most revered suburbs, Brighton, for your consideration.
Key highlights:
- Prime landholding of 744sqm* with over 48m* of combined frontage to both Bay St and Warleigh Gr.
- Permit approved luxury development site with plans from Peddle Thorpe architects, consisting of a 4-level mixed use development, comprising of 12 apartments with a mixture of 2- and 3-beds, 2 retail shops, with a total GFA of 2,005sqm*.
- With commanding frontage to the north facing Warleigh Grove, over 50% of the proposed development will feature beautiful northern sun, whilst the remaining apartments will be blessed with stunning views over Bay Street and greater Brighton.
- Situated within the heart of Bay Street, the property is surrounded by key amenity, such as Coles, Epworth Brighton, North Brighton Station, and the beaches of Brighton.
- Brighton is a premier lifestyle destination, boasting a median house price of $3,137,500^. From prestigious schools, vibrant cafés and restaurants, pristine beaches and being a hub for premium fashion retailers, the suburb of Brighton has it all.
- The property’s location is further enhanced by its proximity to major arterial road networks such as New St, St Kilda St, and the Nepean Hwy.
- Brighton is home to some of the Australia’s esteemed education institutions, such as: Brighton Grammar, St Joan of Arc, Haileybury and Firbank Grammar.
- Property is zoned Commercial 1 with a DD010 Overlay.
*Approx.
^realestate.com.au
Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.
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* The above information is the average for each state in Australia For more details about loans, please send us an enquiry.
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Disclaimer: Currency shown is based on currency conversion, please refer to actual currency price of the property.