After sitting vacant for some time, a prime parcel of Crown Land formerly utilised as Burwood Police Station, with leading agents Savills managing the sale.
The site is an 804sq m* corner lot occupied by a 180sq m* single level building with rear garage and storage area and – benefiting from a Commercial 1 zoning – the property provides flexibility to develop, refurbish, occupy, or invest within a bustling commercial precinct.
State Director – CBD and Metropolitan Sales at Savills, Julian Heatherich said, “There is considerable upside in undertaking complete redevelopment with additional levels achievable, though we expect that some buyers will seek to give the former police station a second life by refurbishing or making additions to the existing building.”
Mr Heatherich, together with colleagues Benson Zhou, Tim Grant and James Latos, has been appointed to sell the property.
Located at 64 Burwood Highway in Melbourne’s leafy eastern suburbs, the former police station is approximately 14km* from the CBD. The property is surrounded by an abundance of retail and lifestyle amenity, educational facilities and public transport and will benefit from direct proximity to well-known national and international brands along a prominent commercial corridor.
“The property is located opposite recognisable retailers McDonalds, Mazda, and Coles Express. Furthermore, just 4km* away is Chadstone Shopping Centre – the largest shopping mall in the Southern Hemisphere,” noted Mr Zhou.
In addition to the powerhouse retailers nearby, the site is located within 1km* of renowned tertiary institution, Deakin University with approximately 26,000 students enrolled at the Burwood Campus in 2022.
“Offering a unique site such as this to the public sector provides developers and investors with a rare opportunity to secure a foothold on the highly active Burwood Highway retail corridor,” Mr Heatherich concluded.
64 Burwood Highway, Burwood is being put to Auction on Thursday the 25th of May at 12:30pm on-site.