Colliers International is handling one such sale in the Melbourne suburb of Camberwell, after the vendor acquired six adjacent residential lots over 20 years to create a site covering 4,282 square metres.
The site has an approved permit for a four-storey building, comprising 80 dwellings, 101 car spaces and a net saleable area of 5,357 square metres, according to agent Trent Hobart.
“The affluent suburb of Camberwell is a sought-after proposition for residential developers and occupiers alike,” he said.
“The opportunity to purchase a permitted site in such a prime residential location, surrounded by rich parkland, makes this site unique.”
Expressions of interest are due by 16 September. Camberwell has a median house price of $1.7 million and a median unit price of $695,000, according to CoreLogic RP Data.
Sydney agent Adam Hughes recently persuaded six vendors to bundle their home into a single 3,700 square-metre site.