CBRE Australia has been appointed to sell a gateway development site in Victoria’s renowned wine region, the Yarra Valley.
The 1,029 sqm property at 4 Bell Street benefits from a high profile position with vast frontage onto two major thoroughfares in the heart of Yarra Glen – the gateway to Melbourne’s Yarra Valley.
CBRE’s Paul Tzamalis and Jamus Campbell are selling the property via an Expressions of Interest campaign closing May 28 at 3.00pm.
Tzamalis said the site’s strategic position in the heart of one of Australia’s most esteemed wine regions would be a key selling factor. He said: “This property represents a unique opportunity for an astute business owner or developer to undertake a key development in a busy tourist destination, and to take advantage of the high volume of traffic passing through every day. In the right hands, this developable property could set a new benchmark for the area.”
The site currently comprises one commercial building, which formerly operated as a restaurant, as well as several onsite car parks.
Yarra Glen is located approximately 16 kilometres south of Healesville, 36 kilometres east of Bundoora and 17 kilometres north-west from Lilydale.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
Our editors’ pick of recent stories you may have missed:
EIA backlog is causing concerns
Overseas buyers shun Thailand
Thailand ranked sixth by Asia-Pacific retailers
Harry Potter house for sale
If you have a property story you want us to publish email andrew@propertyguru.com.sg