Trent Gallagher of Colliers is marketing the 1,479 sqm parcel of land at 602-608 Princes Highway for sale on behalf of Anthony Motors Pty Ltd and Matadell Pty Ltd, who previously occupied the site with price expectations expected to surpass $9.5 million.

With a 48-metre frontage to Princes Highway, there is potential to develop the site into 57 apartments or alternatively amalgamate with neighbours to create a mega-site.

“A DA approved site such as this is very hard to come by in this market,” said Trent Gallagher, National Director at Colliers.

“There is also potential for the purchaser to amalgamate with neighbouring properties to total a land area of 2,000 sqm in size, allowing for an additional 9 metres in building height which will add significant value to the future development.”

“The area has recovered very well and pre-sales for apartments will be strong.”

Expressions of Interest for 602-608 Princes Highway closes August 4 2021.

To request a copy of the Information Memorandum please contact the marketing agent via the contact form below.