PRIME MIXED-USE DEVELOPMENT OPPORTUNITY IN THE HEART OF KEW

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1159-1163 Burke Road, Kew VIC 3101

$2,800,000 - $2,800,000

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$2.8M - $2.94M Transparent Transparent Listing Based on an openly advertised listing price.

Land 724 m²

Listed: 3 days ago

Updated: 14 hours ago

Overview

Located in the prestigious inner-eastern suburb of Kew, this substantial land parcel of approximately 724 square metres offers a rare and notable opportunity primarily suited to developers, investors, or land bankers with an eye for strategic mixed-use projects. The block’s prime position on bustling Burke Road situates it within a vibrant commercial and residential corridor, known for its strong connectivity to Melbourne’s CBD and established amenities.

The site benefits from its mixed-use development potential (subject to council approval), which allows for flexible planning options including commercial, residential, or combined-use ventures. This versatility is a significant asset in a sought-after location where landholdings of this size are increasingly scarce.

The surrounding area is distinguished by well-established neighbourhoods, prestigious schools, and a variety of retail and hospitality offerings, providing convenient lifestyle access for future occupants or tenants of any development. Excellent transport links further enhance the site’s appeal, ensuring easy accessibility and connectivity throughout Melbourne.

This offering is particularly attractive for those aiming to secure a foothold in Kew’s dynamic property market. The land’s generous size, prominent location, and development potential collectively underpin its long-term value and prospects. Savvy purchasers will appreciate the scope to explore a range of future use cases in one of Melbourne’s premier suburbs.

Local Market Insights

In Melbourne - Inner East, Quiet Listings observed 5 new parcels of land entering the market over the last 30 days, up from 3 during the previous 30-day period, with an average advertised asking price of $3,714,000. The property type mix of listed properties is predominantly Houses at 60%, followed by apartments (17%), and townhouses (11%). The most active agency for land in the Melbourne - Inner East area is currently Better Homes and Gardens Real Estate Australia, representing 20% of new listings, followed by Woodards Real Estate with 20%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

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.