958-962 Dandenong Road, Caulfield East, VIC, 3145

Stonebridge Property Group acting under instructions from the Transaction Manager, Relae Property, is pleased to present 958-962 Dandenong Road, Caulfield East, for sale via Expressions of Interest.

Only 350m* to Monash University Caulfield Campus, and with a discretionary 40m height limit, the site has excellent potential for PBSA (student accommodation) development, or a wide range of residential or other accommodation uses.

Key highlights of the opportunity include:

- 1,982sqm* development site across three contiguous parcels.

- Discretionary building height of 40m under built form overlay.

- $580,000* gross income generated from 34 rooms.

- Concept plans available for student accommodation and residential outcomes.

- Positioned 350m* from Monash University where 18,500* students are enrolled with over 60%* being international students, a key market for student accommodation.

- 700m* from Caulfield Station, providing access to Melbourne CBD, RMIT, The University of Melbourne and Monash University's Clayton campus within 25-minutes*.

- High amenity location nearby Koornang Road, Derby Road and Waverley Road retail strips whilst being 2.8km* to Chadstone Shopping Centre.

- Located in high demand Caulfield East with a median house price and rent of $1.6m^ and $825^ per week respectively and a median unit price and rent of $520,000^ and $535^ per week respectively.

958-962 Dandenong Road, Caulfield East is for sale via Expressions of Interest closing Thursday 5th November at 2:00PM (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Julian White | +61 422 764 137

Chao Zhang 张超 | +61 411 625 068

Andrew Milligan | +61 421 559 992

*Approximately

^ Realestate.com.au

Property Code: 1880

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