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Sold on 2 Aug 2022

59-61 Betula Avenue Vermont VIC 3133

  • Development / Land
  • 6,767 m²
  • Sold

INNER METRO LANDHOLDING 6,767SQM* + IMPROVEMENTS - Under Offer

    POINT OF INTEREST:

    Expressions of Interest (EOI) closing next Thursday 16th June at 2pm.

    Highly sought after is an understatement. With the previous tenants concluding a 50-year stronghold on the property, a rare opportunity has presented itself to invest in this significant 6,767 sqm* site. Consisting of a 1,974 sqm* industrial facility including a two-level office with connected warehouse, it’s now ready for refurbishment or demolition to make way for a new development. This hub has generated the kind of success that sparked a number of business estates in Nunawading, Ringwood and Mitcham, however, this exclusive industrial pocket – located just off Canterbury Road – is the jewel in the crown of this now impossibly scarce real estate. With predominant industrial 3 zoning, plus a vacant site fronting Betula Avenue zoned Neighbourhood Residential Schedule 3, the redevelopment possibilities are as impressively large as the land itself. Located close to the in-demand Trade Place and Rooks Road industrial estates, 59-61 Betula Avenue is ripe to make its mark. As highly connected in network as it is in location, the mere 380m* to Brentford Square shopping centre and 2.1km* to Forest Hill shopping centre will keep your staff well-serviced so they can serve your operations better. Just 2.2km* to Nunawading Station and situated along the 738 bus line — it is clear that this property’s ample accessibility mirrors it’s abundance in value, too.

    - Well established and tightly held precinct with limited opportunities to secure prime land.
    - Total landholding encompassing 6,767 sqm* across multiple zonings.
    - 1,974 sqm* total building area with 952 sqm* double-storey office and 1,022sqm* warehouse.
    - Largely Industrial 3 allowing for multiple industrial and/or commercial uses & (part) Neighborhood Residential Zoning (STPA).
    - 380m to Canterbury Road and major arterial to Box Hill and the Melbourne CBD.
    - Immediate proximity to major inner-metro amenity including Brentford Square Shopping Centre (380m*) housing Woolworths, Australia Post, Chemist Warehouse, Dan Murphy’s and KFC.
    - 1km* to Forest Hill Reserve.
    - 2.1km* to Forest Hill Chase Shopping Centre.
    - 2.2km* to both Nunawading and Mitcham railway stations.
    - 3.2km* to Eastlink.

    For further information please contact conjunctional agents CVA Property Consultants and Stonebridge Property Group .
     

    Property Highlights

    Date Sold2 Aug 2022
    Floor Area1,974 m²
    Land Area6,767 m²
    EnergyAsk Agent
    ParkingAsk Agent
    Property ID2017800430
    Category
    Last updated  2 Aug 2022
    Map for 59-61 Betula Avenue Vermont VIC 3133

    Property Highlights

    Date Sold2 Aug 2022
    Floor Area1,974 m²
    Land Area6,767 m²
    EnergyAsk Agent
    ParkingAsk Agent
    Property ID2017800430
    Category
    Last updated  2 Aug 2022
    18-20 Russell Street Melbourne VIC 3000
    Stan Dawidowski
    Stan Dawidowski
    CVA Property Consultants Pty Ltd
    Jarrod Moran
    Jarrod Moran
    CVA Property Consultants Pty Ltd
    Ian Angelico
    Ian Angelico
    CVA Property Consultants Pty Ltd

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