Densities, Values of Bennetts Lane Site Booms in Two Years
CVA director Anthony Carbone expects the site to sell for about $2.4 million this time around with a permit.
Mr Carbone said developer appetite for residential development sites, particularly in locations such as around the Bennetts Lane Jazz Bar is very strong.
Earlier this year Mr Carbone sold a 1526 square metre development site at 33 – 43 Batman Street, West Melbourne for about $8 million.
Like Bennetts Lane, the Batman Street property – an old warehouse – was listed for sale with a permit (for a 14-level, 136 unit complex).
