Uniting is selling two formerly occupied properties as development sites, in Melbourne’s inner-south.
At 698-700 Malvern Road, Prahran, a 920 square metre parcel which also fronts Molesworth Street, where it is adjacent to Orrong Park, is expected to sell for about $3.7 million.
Zoned Residential Growth, it could make way for a four storey building over an underground car park.
There is a tram stop at the door and it is walking distance to Toorak train station.
Until recently the property accommodated the Lancaster and Frank Hartley House childcare centre and kindergarten.
Uniting acquired it in 1983.
About a kilometre closer to the beach, the not-for-profit is also offering a 1330 sqm site at 274 High St, Windsor, at the edge of a major commercial hub and a block from Chapel St.
This Activity Centre zoned land could also make way for a mid-rise building, possibly an office or something mixed-use (story continues below).
According to Gross Waddell’s Raoul Salter, any project would need to incorporate the facade of an existing two level structure.
Uniting purchased this site 1980 and last occupied it as a social services centre.
It is next door to the five floor Coco development, with apartments over shops.
About $5.9m is expected.
“Both properties offer substantial land holdings within two highly desirable precincts which are likely to attract owner occupiers and developers alike,” the broker added.
Mr Salter is representing Uniting with Alex Ham.