With an approved permit for 16 luxury apartments, the 2,295sqm* site at 7 & 9 Halifax Street in Brighton represents an opportunity to deliver an ultra-luxury project with the apartments averaging a large internal area of 137sq m*.

Sold through Benson Zhou and Julian Heatherich of Savills Australia, on behalf of vendor World Class Group, the location is renowned for its close proximity to some of Melbourne’s best amenity including elite education facilities and premium lifestyle attractions like the iconic Brighton Beach, which is only 800m* away.

According to Benson Zhou, Director, Asia Markets at Savills Australia, “This location is unquestionably one of the most desirable and affluent within Melbourne, underpinned by first class amenities and close proximity to the Melbourne CBD.”

“Developers have an unrelenting demand for approved projects and sites within Brighton, as the suburb continues to be immensely popular for luxury apartments”.

The Savills team have transacted over $115 million worth of property in Brighton alone since 2017, reflecting an average sale price in excess of $11.5 million.

Whilst local developers are dominating acquisitions of development sites across Metropolitan Melbourne, Mr Zhou mentioned that offshore capital is still waiting to be deployed through the right channels.

“Whilst travel restrictions are slowing the sheer quantity of international buyers and developers active in the market, there is still a number of offshore groups avidly seeking opportunities in Melbourne through our international office network”.

Mr Heatherich said “These apartments will suit the upper end of the residential market, being thoughtfully designed by award winning ‘SJB Architects’ and principally targeted at downsizers.”

*Approximate 

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