FOR SALE
$2,600,000-$2,800,000

418 & Unit 1/420 Nepean Highway
Parkdale VIC 3195

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1509m2
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Prime Beachside Development Opportunity on 1509 m² (approx).

Seize this extraordinary chance to secure a substantial land offering in the vibrant beachside hub. This site presents limitless development opportunities, ideal for developers who are looking to build apartments or units (STCA) or a childcare facility, with a town planning permit for a 158-place childcare centre. To receive a comprehensive development report, please contact Lauren Chambers or Mia Aleardi.
Subject to council approval, this property would be suitable for:
1. Childcare centre 8 rooms 152 children (valid until Feb 2025)
2. 3 story Apartment building (24 total apartments with Underground basement
parking.
3. 7 Townhouses (5x 3 bed 2 garage) (2x 2 bed, 1 garage)
Conveniently located within a 10-minute walk to Parkdale Railway Station and shops, as well as one of Melbourne's finest beaches, this prime location exemplifies the best of Bayside living. Esteemed schools such as Parkdale Secondary, Mentone Grammar, Mentone Girls Grammar, Mentone Girls Secondary, Kilbreda, and St. Bede's College are all within a 2-minute drive, making it perfect for families.
The stage is set for a remarkable new development in the heart of one of Melbourne's premier suburbs. Enjoy close proximity to amenities, with Parkdale Plaza just 130 meters away, Parkdale Train Station 600 meters away, Parkdale Primary School 300 meters away, and Moorabbin Airport 1.8 kilometers away.
Don't miss out on this prime beachside development opportunity on 1509 sqm (approx)!
PLEASE NOTE:
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Property Details for 418 & Unit 1/420 Nepean Hwy, Parkdale

Building Type
Land
Land Size
1509m2

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About Parkdale 3195

The size of Parkdale is approximately 3.6 square kilometres. It has 14 parks covering nearly 7.2% of total area. The population of Parkdale in 2011 was 11,184 people. By 2016 the population was 11,744 showing a population growth of 5.0% in the area during that time. The predominant age group in Parkdale is 40-49 years. Households in Parkdale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Parkdale work in a professional occupation. In 2011, 73.6% of the homes in Parkdale were owner-occupied compared with 74.2% in 2016.

Parkdale has 6,066 properties. Over the last 5 years, Houses in Parkdale have seen a 25.84% increase in median value, while Units have seen a 19.56% increase. As at 31 August 2024:

  • The median value for Houses in Parkdale is $1,490,184 while the median value for Units is $785,747.
  • Houses have a median rent of $720 while Units have a median rent of $530.
There are currently 12 properties listed for sale, and 5 properties listed for rent in Parkdale on OnTheHouse. According to CoreLogic's data, 233 properties were sold in the past 12 months in Parkdale.

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Lauren Chambers
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Mia Aleardi
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Ray White Cheltenham
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