July 04, 2018

Prestigious Beachside Site

SOLD
33 Bay Road, Sandringham

Demand for quality development sites in Bayside remains strong, with a former aged care facility at 33 Bay Road, Sandringham selling via private treaty for $10.0 million.

The 2,328sqm site in a General Residential Zone (GRZ) on the doorstep of Sandringham Village was sold to a local developer for a rate of $4,295psm.  With three street frontages totalling 130 metres, the property offers great flexibility for future development.

“We had a lot of interest in the property through its campaign, attracting more than 70 enquiries,” says James Glenn, Senior Sales and Leasing Executive.  “Sites like this in such a great location are extremely rare, which added to its appeal.”

Julian Vautin, Sales and Leasing Executive, adds, “Sandringham continues to boom, due to its proximity to the beach and train, its great shops, cafes and services, and favourable demographics.”

 

For further inforamtion, please contact:

James Glen 0401 493 277 or Julian Vautin 0420 406 660