ABC’s last remaining landholding in Elsternwick VIC listed
The Australian Broadcasting Corporation’s last remaining landholding in Elsternwick is soon to hit the market, in what is expected to be a hotly contested sale process for the prime landholding.
The property, 8 Gordon Street, occupies a large 11,740sqm (3 acre) site zoned for Residential Growth with height potential of up to 8 levels on some parts of the property and is being offered for sale with vacant possession. The property will be sold by Public Tender, expected to close in early June.
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Savills Australia’s Clinton Baxter, Nick Peden and Jesse Radisich have been appointed to market the property, saying they expected strong interest from a complete cross section of the market covering “the full range of developers”, from the residential, commercial, build-to-rent, social infrastructure, education, aged-care and healthcare sectors.
“This sale will undoubtedly attract international attention by virtue of it being the most significant inner-Melbourne site to be offered to the market in 2021,” Mr Baxter said,
“There simply isn’t another site of such magnitude and offering a unique array of amenity and positive attributes within the inner suburbs of Melbourne."
The offering follows Savills’ sale of the ABC’s nearby Selwyn Street property to Woolworths for almost $50 million in 2017.
The site adjoins the magnificent heritage-protected Rippon Lea Estate and is just a short walk from Elsternwick railway station and the vibrant Glen Huntly Road retail strip.