The site comprises a rare and premium corner landholding of 1,592sq m* in a high profile and tightly held Hawthorn East location. The property benefits from three street frontages totalling 114m* with prominent main road frontage to Riversdale Road.

The opportunity is primed for development being located within a flexible Residential Growth Zone 1. With the premium nature of the surrounding neighbourhood, the site lends itself perfectly to luxury residential outcomes– with Hawthorn East being a location of choice for owner occupiers and downsizers.

The deal was negotiated by Julian Heatherich of Savills Australia who said “This is our second sale within recent months on Riversdale Road, with both development sites transacting to groups with financial ties to Asia.

“This buyer group has grown increasingly prominent in the luxury development market and we are witnessing increased demand for large scale inner city development opportunities from local, interstate and international buyers”.

*Approximate