A rare, permit-approved development site in Melbourne’s prestigious inner east has come to market, promising a boutique luxury offering in the heart of blue-chip Kew.
The 2,405sqm* parcel at 1207-1209 Burke Road is situated in one of the city’s most tightly held and affluent suburbs and comes with an approved permit for 12 architect-designed townhomes by Cera Stribley, with further potential for yield uplift under Victoria’s new Townhouse and Low Rise Code (STPA).
With over 40 metres* of street frontage to Burke Road, this dual-parcel holding is ideally suited for a premium residential development that meets the ongoing demand for high-end, low-maintenance living in Melbourne’s east. The site is for sale through Hamish Burgess, Joe Kairouz, and Leon Ma of Cushman & Wakefield.
“This is an outstanding opportunity to deliver a luxury project in a suburb where demand consistently exceeds supply,” said Cushman & Wakefield’s Hamish Burgess.
“The combination of location, permit, and design pedigree makes this one of the best boutique offerings we’ve brought to market this year.”
Joe Kairouz of Cushman & Wakefield said the location speaks for itself; “Nestled among tree-lined streets and minutes from lifestyle and retail hubs such as Kew Junction, Glenferrie Road, Camberwell Junction, and the Burke Road and Whitehorse Road shopping precincts.
“The site is also within close proximity to Melbourne’s elite private school belt, including Xavier College, MLC, Camberwell Grammar and Genazzano FCJ College” he said.
Public transport access is equally enviable, with multiple tram lines nearby and Camberwell Station just moments away, offering seamless links to Melbourne’s CBD.
Mr Burgess said “With the Kew median house price sitting at $2.8 million, (according to REIV), and boutique developments in the area consistently outperforming market averages, the site presents a compelling opportunity for developers seeking to deliver a premium residential product in one of Melbourne’s most coveted enclaves”.
1207-1209 Burke Road, Kew is being offered for sale via Expressions of Interest, closing Thursday 5 June at 2:00pm (AEST).
*Approx.
