2 Mccombie Street

Elsternwick VIC 3185

PRESTIGE DEVELOPMENT SITE IN THE HEART OF ELSTERNWICK
RARELY DOES A DEVELOPMENT SITE OFFERING SO MUCH SCOPE FOR INNOVATION AND CREATIVITY COME TO THE MARKET. SITUATED IN THE HEART OF ELSTERNWICK, THIS DEVELOPMENT SITE OF 3500 M2 OFFERS A UNIQUE OPPORTUNITY TO CREATE A RESIDENTIAL DEVELOPMENT OF TRULY WORLD CLASS STANDARD AND STANDING. UNDER INSTRUCTIONS FROM THE ELSTERNWICK ONE JOINT VENTURE, COLLECTIVELY REPRESENTING THE INDIVIDUAL PROPERTY OWNERS, BUXTON ELSTERNWICK IS OFFERING A PARCEL OF LAND BORDERING MCCOMBIE STREET AND RIPON GROVE, ELSTERNWICK FOR SALE IN ITS ENTIRETY ONLY BY EXPRESSION OF INTEREST ('EOI'). UNDER THE RECENTLY UPDATED AND REVISED GLEN EIRA CITY COUNCIL RESIDENTIAL ZONES, THE PROPERTIES INCLUDED ARE ALL ZONED RESIDENTIAL GROWTH ZONE - SCHEDULE 1 ('RGZ1') THEREBY CREATING A PLATFORM FOR RESIDENTIAL DEVELOPMENTS TO AT LEAST 13.5 METRES (STCA). WITH OTHER MAJOR DEVELOPMENTS IN THE IMMEDIATE AREA UP TO 11 FLOORS UNDER CONSTRUCTION AND/OR APPROVED, INTERESTED PARTIES HAVE THE SCOPE TO CREATE AND PROPOSE A VARIETY OF TRULY INNOVATIVE RESIDENTIAL DESIGNS FOR THE SITE. CLEARLY THE IMMEDIATE AREA IS ONE OF THE MOST HIGHLY SOUGHT AFTER GROWTH AREAS OF MELBOURNE WITH A UNIQUE COMBINATION OF LIFESTYLE ATTRIBUTES INCLUDING THE FOLLOWING: - MULTIPLE FORMS OF PUBLIC TRANSPORT INCLUDING TRAIN SERVICES TO THE CBD (12 MINUTES): - IMMEDIATE PROXIMITY TO VIBRANT RESTAURANTS, SHOPPING AND ENTERTAINMENT PRECINCTS IN GLEN HUNTLY ROAD, ST KILDA, BRIGHTON, AND ST KILDA ROAD; - IMMEDIATE ACCESS TO BAYSIDE BEACHES IN ELWOOD, ST KILDA, AND BRIGHTON BEACH; - PROXIMITY TO HIGH QUALITY PUBLIC AND PRIVATE SCHOOLS; AND - READY ACCESS TO A MULTITUDE OF HEALTH SERVICES AND COMMUNITY AND RELIGION-BASED SERVICES AND FACILITIES. IN SUMMARY, THIS DEVELOPMENT SITE IS A TRULY RARE OPPORTUNITY FOR A WORLD-CLASS ORGANISATION TO CREATE AN ICONIC RESIDENTIAL COMPLEX. TO PARTICIPATE IN PHASE 1 OF THE EOI/ TENDER PROCESS, THE INFORMATION MEMORANDUM IS DOWNLOADABLE AS PRINTABLE BROCHURE OR TO DISCUSS ANY SPECIFIC ASPECTS OF THE DEVELOPMENT OPPORTUNITY, PLEASE CONTACT JOHN WESTE ON +61 3 9528 6222 OR +61 417 149 877. PHASE 1 OF THE SELECTION PROCESS HAS BEEN EXTENDED TO 5:00 PM, MONDAY APRIL 7, 2014. 2011205200