THE OPPORTUNITY

CB Richard Ellis and Ammache Commercial are pleased to present for your consideration, an extremely rare opportunity to secure a prime development site in the heart of Wheelers Hill with approved plans and permits for 131 apartments.

The features of this outstanding opportunity are summarised as follows:

• Exceptionally large land holding of approximately 8,106sqm located in the vibrant heart of Wheelers Hill;
• Council approved plans for 131 dwellings over 4 separate buildings;
• Preliminary sub-division plan has been drafted;
• Electrical, mechanical and hydraulics services plans are near completion;
• Potential to increase density through resizing of individual dwellings (STCA);
• Two (2) significant street frontages - Jells Road and Ferntree Gully Road;
• Excellent 360 degree views of the elevated north facing site;
• Alternative planning permit for 96 dwelling retirement living scheme.

161-169 Jells Road, Wheelers Hill allows the astute investor the rare opportunity to secure a prime site zoned Residential 1 in a well-established suburban location. CB Richard Ellis and Ammache Commercial are exclusively selling this blue chip site by way of an Expressions of Interest sale closing Tuesday, 16 August, 2011 at 4.00pm. We strongly encourage you to register your interest.