Stonebridge Property Group, acting under instructions from Receivers and Managers, KordaMentha, is pleased to present for sale 1 Studley Park Road, Kew.
A partially constructed 10-storey apartment building, comprising 26 apartments ranging from 1-bedroom to 4-bedroom dwellings, with outstanding views to Melbourne CBD, Box Hill, Port Phillip Bay, and the Dandenong Ranges, as well as a 2-level basement and ground floor retail tenancy with frontage to Kew Junction.
There are extensive works already completed on the site, boasting a fully dug out basement, the structure of the building is topped out and a large portion of the apartments have been plastered.
Kew is a prestigious and affluent inner eastern suburb. The property is situated in the heart of Kew Junction, providing access to all essential and boutique retail amenities including Leo's Fine Food & Wine Supermarket (150 m*) and Woolworths (300 m*).
Kew has an abundance of connectivity options with immediate access to trams along High Street, nearby Hawthorn Train Station (1.6 km*), and easy access to the Eastern Freeway (1.8 km*) and Monash Freeway (2.5 km*).
Kew is one of Melbourne's best located suburbs for surrounding lifestyle amenity, including Alexandra Gardens (400 m*), the Main Yarra Walking Trail (700 m*), Yarra River (800 m*), Yarra Bend Golf Course (1.1 km*), Studley Park (1.5 km*), and Studley Park Boat House (1.9 km*).
The key highlights of the opportunity include:
- Improved with a well-advanced 10-storey apartment building, comprising 26 spacious apartments with outstanding views, 2 levels of basement and 1 retail tenancy.
- Existing works on site are extensive, boasting a fully dug out basement, the structure of the building is topped out and a large portion of the apartments have been plastered.
- In the heart of Kew Junction providing exceptional connectivity via trams along High Street, and access to all essential and boutique retail amenities including Leo's Fine Food & Wine Supermarket (150 m*) and Woolworths (300 m*)
- Surrounded by prestigious education institutions: Xavier College (350 m*), Trinity Grammar School (650 m*), Sacred Heart Kew Primary School (750 m*) and Melbourne Girls College (1.9 km*)
- One of Melbourne's best located suburbs for surrounding lifestyle amenity, nearby Alexandra Gardens (400 m*), Main Yarra Walking Trail (700 m*), Yarra River (800 m*), Yarra Bend Golf Course (1.1 km*), Studley Park (1.5k m*), and Studley Park Boat House (1.9 km*).
- Strong residential market with a track record of apartments selling at a premium, boasting a median unit price of $838,000^ and median house price of $2,760,000
- Opportunity for builders, developers, or investors to complete and sell the project, or hold as an investment.
1 Studley Park Road, Kew is offered for sale via Expressions of Interest closing Thursday 7th December 2023 at 2PM (AEDT). To obtain further information, or to arrange an inspection, please contact the exclusive selling agents.
Julian White
0422 764 137
Andrew Milligan
0421 559 992
Chao Zhang
0411 625 068
^REIV (2023)
*Approximately
Property Code: 810
