Yarra Consulting Group offers Hawthorn East development site
Yarra Consulting Group is selling two low rise neighbouring offices forming a corner in Melbourne’s ritzy Hawthorn East.
The advisory is expected to bank more than $4 million from 345-347 Riversdale Road.
The property contains two functioning double storey offices on an 878 square metre parcel with more than 15 car parks, near Auburn Village.
Given the Residential Growth 1 zoning, it could make way for a multi-level project.
A residential development over retail is a likely outcome, according to CBRE selling agents David Minty, Nathan Mufale, Scott Hawthorne and Sandro Peluso.
An office or some kind of standalone social infrastructure asset, like a childcare complex or medical facility, could also be considered.
The site is at the north west corner of Symonds Street, opposite a four level aged care home (story continues below).
“The property is walking distance to Camberwell Junction, which features national retailers, restaurants, homewares, fashion boutiques and recreational attractions,” Mr Minty said.
This Hawthorn East site is about eight kilometres from the city.
Elsewhere in the suburb, in February, Cabrini Health leased a 2000 sqm office at the CV@141 Camberwell Rd complex being co-developed by ex-Collingwood footballer Paul Tuddenham.
Four months earlier, Sydney-based Roosters chairman Nick Politis spent $11.2m on a low rise commercial building on a 1795 sqm Commercial 2 zoned site, in Hall St.
The development team behind the Hawthorn Park apartment project, under construction at 35-37 Camberwell Rd, Hawthorn East, have recently started installing a Marina Bay Sands style sky-pool, 25 metres high, which will connect two towers.
