Telstra offers two suburban sites

The Springvale site is near an eight storey apartment building.

Telstra has listed surplus sites on two sides of the city.

In Springvale, a 705 square metre block at 18-26 Warwick Avenue, between a major car park and eight-storey apartment building is expected to sell for over $1 million.

Telstra will lease a small part of the Point Cook block from any purchaser.

Zoned Commercial 1 and Activity Centre, with three street frontages and walking distance to Springvale station, it too can make way for a mid-rise structure.

Stonebridge selling agents Julian White, Max Warren and Chao Zhang said that since 2000, the suburb’s median house price has risen 510 per cent.

Across town, at Point Cook, Telstra is offering a rectangle block abutting a small lake.

At 330 Point Cook Road, near the corner south west corner of Sneydes Rd, about1459 sqm is developable.

This property also has the potential to be replaced with a medium density project.

It could also be split in two, allowing a mixed-use complex with commercial facing the main road with residences off a side street, Buttercup Lane (story continues below).

Any development would require a rezoning from Public Use.

A small services building in one corner of the block would be leased back to Telstra.

Gray Johnson marketing agents Matt Hoath and Rory White said the property it is about 650 metres from the Sanctuary Lakes Shopping Centre, which is opposite Sanctuary Lakes Golf Club.

“There is easy access to public transport along Point Cook Rd and onto the M1 or Princes Freeway and thus to the city,” they added.

The guide is c$700,000.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of