Melbourne

Four family homes in Oakleigh East being offered for sale in one line

Strong demand for medium density development has prompted a Melbourne investor to list for sale four established family homes in Oakleigh East.

01 Mar 2018

Strong demand for medium density development has prompted a Melbourne investor to list for sale four established family homes in Oakleigh East. 

CBRE has been appointed to market for sale the combined 2,473sqm landholding at 169-175 Huntingdale Road – representing an attractive development opportunity in the popular south-eastern suburb. 

Located 2km from Chadstone Shopping Centre, the site offers a wide street frontage of 60.96m onto Huntingdale Road, with rear laneway access running parallel to the street. The four individual properties each provide short term income potential from the existing residential dwellings. 

CBRE’s Chao Zhang, David Minty and Scott Orchard are managing the Expressions of Interest sale campaign on behalf of the private vendor. 

“Located in a desirable pocket of Oakleigh East, this property presents a highly strategic opportunity to undertake a sought after apartment or townhouse development (STCA)” Mr Zhang said. 

“With phenomenal growth in Oakleigh East and a current median house price of $1,150,000, we are seeing a growing demand for more affordable higher and medium density development in the area” Mr Minty Said.
 
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About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

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Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at https://www.cbre.com.