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.