OVERVIEW

On behalf of Monash City Council, Cushman & Wakefield Melbco Development Sites is pleased to invite Expressions of Interest (EOI) to purchase The Jewel of Glen Waverley, located at 281 Springvale Road, Glen Waverley. This property stands as one of the foremost renewal opportunities within central Glen Waverley.

Key details of the development site include:

• Rectangular-shaped development site of 6,114sqm*, currently utilised as a carpark.

• Three prominent road frontages totalling over 274m.

• Proposed 1,000sqm* public space along the western boundary, to be delivered by council.

• Zoned Commercial 1 with favourable planning parameters, offering significant potential for major redevelopment (STCA), as demonstrated by nearby developments such as 251-261 Springvale Road (21-storey building) and 52-54 O’Sullivan Road (15-storeys).

• Unrivalled convenience due to proximity to The Glen Shopping Centre, Century City Walk, and the vibrant Kingsway district, providing a wealth of hospitality, entertainment, retail, and professional services options. Additionally, the future development plans for The Glen Shopping Centre and Kingsway district further enhance the area's appeal.

• Located within the catchment area of Glen Waverley Secondary School, renowned as one of Melbourne's top-performing non-selective public government schools.

• 100m* to Glen Waverley train station, a key beneficiary of Victoria’s Big Build initiative. The upcoming Suburban Rail Loop (SRL) East will introduce a new underground station in the heart of Glen Waverley, further enhancing connectivity and accessibility for the community.

• Situated 19km* south-east of Melbourne’s CBD, Glen Waverley showcases a commanding Median House Price of $1.76 million (source: REIV Mar Qtr 2024).

*Approx.

On behalf of Monash City Council, 281 Springvale Road, Glen Waverley is For Sale by International Expressions of Interest (EOI) closing Thursday 27 June at 12pm (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agent.

Daniel Wolman | +61 412 957 839

Joe Kairouz | +61 421 430 638

Hamish Burgess | +61 421 641 497

Marcus Neill | +61 452 405 782

Leon Ma 马海翔 | +61 417 070 725

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