Landmark Metro Melbourne Development Opportunity | 70,000+ Cars Passing Daily

340-344 Bayswater Rd & 303 Canterbury Rd , Bayswater North VIC

Property Highlights

Major 4,804sqm* Corner Landholding
Variety of Uses (STCA)
Over 140m* Dual Street Frontage

Description

Burgess Rawson and JLL are pleased to offer to the market 340-344 Bayswater Road & 303 Canterbury Road, Bayswater North VIC for sale via our Expressions of Interest campaign closing 4:00pm (AEST) on the 18th of April 2024.

The opportunity has the following key highlights:

+ Expansive 4,804sqm* corner landholding with over 140m* of dual frontage to Bayswater and Canterbury Roads, two major arterials roads servicing 70,000+ vehicles passing daily.**
+ Rare, combined 4 title super lot suitable for an abundance of uses including convenience retail, fast food, medical, child care, aged care/retirement living and service station uses (STCA).
+ Significant planning work undertaken by existing owners inclusive of planning and management plans.
+ High-profile position, with Bunnings, McDonald’s, Officeworks, Sydney Tools, Spotlight, Anaconda and Repco all within 850m*.
+ Well-serviced location with Bayswater Train Station (900m*) and EastLink (4.5km*) in close proximity and both offering access to the Melbourne CBD & neighbouring suburbs.
+ Surrounded by important social infrastructure, including 20 schools within 3km* servicing over 10,100 full time students.**
+ Bayswater is a booming Metro Melbourne growth suburb (27km* from Melbourne’s CBD), that has a strong local catchment with 27% of households represented in the highest quartile for household income.***
+ By 2041, the City of Maroondah’s population is forecast to grow 17% to over 140,000 people.****
+ The City of Maroondah generates $6.69 billion in Gross Regional Product (GRP) with an estimated 51,261 jobs in the area.*****

To be sold by Expression of Interest
Closing Wednesday 24 April 2024 at 4pm (AEST)

Burgess Rawson
Matthew Wright | 0458 290 588
Zomart He 何梓轩 | 0488 220 830
Rick Jacobson | 0413 830 083

JLL
Jarrod Herscu | 0418 155 062
Mark Stafford | 0404 401 053
MingXuan Li | 0498 688 998

*Approximately
**GapMaps
***Profile.id
****Forecast.id
*****Economy.id

Property Details

Listing
Sale
Current Tenant
Vacant
Occupancy Type
Development Site
Land Size
4,804 SQM
Building Area
1 SQM

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