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Overview
This significant development site located at 4-10 Rusden Street, Elsternwick, occupies an expansive land area of approximately 1,882.5 sqm. The property, spanning five individual lots, includes a substantial medical office building covering around 476 sqm, featuring multiple separate offices and a welcoming main reception area adorned with an impressive gantry design. In addition, the sale incorporates a period home at 1 Ross Street requiring renovation, offering further functional potential.
Strategically positioned with dual street frontages, this site benefits from a desirable development overlay that allows construction up to six storeys, presenting an exciting opportunity for a variety of future projects. The outlook commands spectacular bay and city views, enhancing the appeal for both commercial and residential redevelopment under the applicable planning controls.
This versatile property is well-suited for commercial uses such as offices or medical practices, but also holds strong potential for residential development including townhouses or apartments, subject to council approval. Its location within the Glen Eira LGA and proximity to established amenities supports the viability of mixed-use development concepts.
Prospective buyers will find this site appealing as a rare chance to acquire a sizable holding in Elsternwick with multiple use possibilities, suitable for developers, investors, and businesses seeking expanded presence in a vibrant inner suburb. The combination of existing building infrastructure and development capacity offers a balance between immediate utilisation and long-term growth potential.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Change History
| Headline | When |
|---|---|
| For Sale | |
| For Sale: $5,500,000 - $6,050,000 |