Measure the distance to the bay (less than 500m), check out the proximity to Hampton St (just a moment), consider the access to the station (a last minute dash) ...and add up the value behind the approx 80'/24.38m frontage of this approx 1,020sqm/10,979sqft site. Comprising two separately-titled sites of approx 510sqm each, this significant GRZ2 land offering represents an exciting opportunity for multi-unit multi-level multi-view development in between Hampton St and the bay.
Look to the major apartment developments already reaping rewards on Hampton St. Envisage the added benefits of this blue-chip residential off-the strip address. Then bring your development vision, and start designing to capitalise on third level bay views and increasingly rare GRZ2 zoning (subject to Council Approval - STCA).
The multi award winning Bayside Architect Les Finnis of Finnis Architects has completed a design scheme for this multi level apartment site. Neighbouring 45 Grenville Street, Hampton sets the town planning precedence for 3 level multi residential apartment developments with basement in Grenville Street. 45 Grenville comprises a total of 22 apartments. The following awards have been won by Finnis Architects: 2013 Bayside Built Environment Awards, 2011 UDIA National Awards for Excellence, 2011 Bayside Built Environment Awards, 2010 UDIA National Awards for Excellence (VIC), 2010 HIA Victorian Housing Awards, 2008 Bayside Built Environment Awards
Given this sites north/south orientation the top level apartments facing north will have views across the bay to the city which cannot be built out as the other side of Grenville Street is zoned NRZ limiting it to 2 storeys. Apartments facing south will look out to Mount Eliza across the bay and those on the west side will look across the bay to Point Cook.
With a readily rentable home on each site to pay your way through planning, this significant parcel of land will be offered by Expressions of Interest closing Tuesday 28th February if not sold before(60 day settlement). Be quick as another opportunity like this will be a long time coming. Please enquire for more information about this substantial land offering now!
