Land-rich redevelopment or investment opportunity

Colliers is pleased to present 25 Elphin Grove, Hawthorn for sale by Expressions of Interest closing Thursday 1 September 2022 at 2pm.<br/><br/>Located in the blue-ship suburb of Hawthorn, in Melbourne affluent inner east, 25 Elphin Grove comprises six (6) oversized apartments being sold in an extremely well-presented building. The property is land-rich with longer term redevelopment all while being a sensational investment or value-add opportunity.<br/><br/>Key features are below:<br/><br/>- Exceptionally scarce block of 6 individually titled apartments being offered in one line.<br/>- Prime inner-city location within the premium and affluent suburb of Hawthorn and less than 600m from the Glenferrie Road Retail precinct, Swinburne University and Glenferrie and Auburn Train Stations.<br/>- Redevelopment potential to maximise the strong locational attributes and maximise enviable CBD views from this elevated position.<br/>- Favourable General Residential Zoning (GRZ-3).<br/>- 300m* to Swinburne University a leading tertiary institute which will underpin future rental demand for the asset.<br/>- Ideal residential location, both to rent and own with exceptional local amenity at Central Gardens, Hawthorn Recreation Centre, Glenferrie Train Station, Glenferrie Road and Burwood Road shopping and entertainment precincts all within 1km of the property.<br/>- Oversized apartments within a boutique block, providing future sell down potential as owner occupiers seek to secure property in key inner-city locations.<br/>- Consistent and high performing residential market with a median house price in excess of $2,251,000**, reaching in $3,080,000** Q42021.<br/><br/>For further information, please contact the exclusive selling agents at Colliers.<br/><br/>Hamish Burgess<br/>0421 641 497<br/><br/>Jozef Dickinson<br/>0402 678 888<br/>