Ouson Group has sold a Clayton site permit-ready for a nine-storey building.
The developer is banking $11.2 million from 99-121 Carinish Road – near the suburb’s train station and Monash Medical Centre.
It paid $9.56m in 2016.
Two years ago the group sold a 61.4 hectare block in Melbourne’s west Mt Cottrell for $50m.
Nine levels at Clayton
The Clayton approval is for a complex with 42 apartments, townhouses, office, retail and childcare.
However, with the land zoned Commercial 1, the permitted shell could be reworked (story continues below).
Other development outcomes promoted by Gross Waddell ICR’s Danny Clark and Andrew Waddell include Build to Rent, hotel or student accommodation.
Ouson initially pitched a c14-level structure with a guesthouse component.
Its permit – allowing for 9330 square metres of lettable area – was granted by the Victorian Civil and Administrative Tribunal.
More than 10 years ago the 2704 sqm site accommodated Macfarlane Generators which relocated in the area.
Clayton is about 18 kilometres south east of Melbourne.
The selling agency was rebranded this week after a merger between Gross Waddell and ICR, the latter directed by Raff DeLuise.