Telstra lists Lyndhurst Exchange land with townhouse plan
Telstra is targeting townhouse builders with its latest listing, in Melbourne’s south east Hampton Park.
The land behind Lyndhurst Exchange is expected to sell for more than $425,000 following a deadline private sale campaign closing on June 4.
The vendor is offering the battle-axe shaped block at 104 Robjant Street with concept plans for three townhouses.
Agent Rory White of GrayJohnson said that factoring in a driveway and footpath to the proposed double storey units, about 895 square metres of the 1122 sqm parcel could be built on.
Alternatively, a buyer might consider constructing one house on the General Residential 1 zoned block.
Hampton Park is 36 kilometres from the city.
Telstra has another sliced, diced site on the market
In 2018 – and again two months ago – Telstra listed for sale a parcel of land behind a telephone exchange in central Box Hill, in Melbourne’s east.
Measuring 930 sqm, within the precinct gazetted Box Hill Activity Centre, this property is expected to trade for more than $7 million and make way for a skyscraper.
Telstra has been selling redundant exchanges for about a decade.
Mostly located in residential streets, and on parcels of land less than 1000 sqm, the predominant buyer type has been townhouse builders.
