Balwyn residential land sold for $6.01 million

A residential development site at Balwyn has been sold for $6.01 million.

Located at 7 Cherry Road, the property has a permit approval for 16 luxury apartments.

With a 1593 sqm site, it is opposite Balwyn Park and Whitehorse Road shops and trams are just 100 metres away.

Canterbury train station, Maling Road shops and city cycling tracks are in close proximity.

The property was offered through Fletchers agent Rob Fletcher.