A prime development site minutes from Camberwell Junction and Glenferrie Road with an approved permit for 18 apartments.
News release
19 April 2024
Prized Hawthorn development opportunity with luxury permit
Your browser doesn't support speech synthesis.
Listen to article •
Read time: 1 sec
A prime development site in Melbourne’s leafy inner-eastern suburb of Hawthorn will appeal to developers looking to take advantage of a permit approved opportunity within an exceptional location amid a severe housing shortage.
154-156 Riversdale Road comprises a substantial 1,500 sqm site within the sought-after Scotch Hill residential zone and comes with an approved permit for a high-end, luxury residential project of 18 apartments.
The property is five minutes from Camberwell Junction's boutique fashion outlets, dining and entertainment venues, and the popular Camberwell Market and iconic art deco-style Rivoli Theatre.
It is also close to some of Melbourne’s leading private schools, including Scotch College Swinburne University, public transport (including trains and trams), parklands and Yarra River walking trails.
JLL’s Director – Development Site Services – Victoria, Jesse Radisich, is marketing the property with Madeleine Pizzey and MingXuan Li.
“It is a quality site in an exceptional location. With planning approval already in place and the ability to capture the strong ongoing demand for high-end residential products, this is a highly strategic offering from a timing perspective.”
“With just 18 considered apartments, this opportunity presents a developer with a boutique offering in a market with a genuine shortage of high-end housing in quality locations,” Radisich said.
Mr Li said the recent success of several residential apartment projects in the vicinity underscored the strong demand for quality accommodation in one of Melbourne’s most sought-after inner suburbs.
The property will be sold by Expressions of Interest, closing on May 22 at 2 pm.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 108,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.