Stonebridge Property Group, acting under instructions from Receivers and Managers, KordaMentha, will market for sale via an expressions of interest campaign, 1 Studley Park Road, Kew.

The property is a partially constructed 10-storey apartment building, comprising 26 apartments ranging from 1-bedroom to 4-bedroom dwellings, with outstanding views to Melbourne CBD, Box Hill, Port Phillip Bay, and the Dandenong Ranges, as well as a 2-level basement and ground floor retail tenancy with frontage to Kew Junction.

There are extensive works already completed on the site, including a fully constructed basement, the structure of the building is topped out and a large portion of the apartments have been plastered.

The property has an estimated project value into the mid $20 million range.

Kew is a prestigious and affluent inner eastern suburb. The Property is situated in the heart of Kew Junction, providing access to all essential and boutique retail amenities including Leo’s Fine Food & Wine Supermarket (150 m*) and Woolworths (300 m*).

Julian White, National Partner at Stonebridge, who will market the property with colleagues Chao Zhang and Andrew Milligan, stated “This is a unique opportunity for a purchaser to complete the build, and then look to sell the apartments, or hold and lease longer term, taking advantage of Melbourne’s critical undersupply of housing options.”

1 Studley Park Road, Kew for sale via Expressions of Interest, closing Thursday 7th December 2023 at 2pm AEDT.