Mill Park apartment development site listed
The Melbourne estate agency Gray Johnson are offering a Mill Park development site near South Morang. The 9,908 sqm holding is vacant.
Offers close on the 18 Development Boulevard offering on 24 March with a price expectation in the high $4 millions.
The property has been recently rezoned as Residential Growth Zone – Schedule One which affords permission to build to a height of four storeys or 13.5 metres.
Gray Johnson director Matt Hoath says that the property would suit an apartment project.
“This property has been in multi-generational family ownership long term and the local council rezoned it as they favoured a high density residential project, rather than a commercial project, on the site which is adjoined on one side by parkland” Mr Hoath advises.
It is close to the Rivergum Shopping Centre.
The area is also well served for public transport including the Metro Rail extension to the north.
