A landmark landholding in Melbourne’s blue-chip suburb of Hampton is set to enter the market and receive peak interest from both high-end developers and the buoyant Aged Care and Retirement Living market.
The 3,662sqm site at 28-34 Service Street, Hampton, 14km southeast of Melbourne’s CBD, is being offered for sale.
With a permit in place by architects Fender Katsalidis and pricing expectations north of $16 million, it stands as one of the most significant premium metro development offerings in 2025 so far, Cushman & Wakefield said.
“Positioned in a leafy green street, with an elevated position overlooking Hampton Street and the Bay, the site’s locational fundamentals are exceptional,” said Hamish Burgess, Director at Cushman & Wakefield, who is selling the site with colleagues Daniel Wolman and Joe Kairouz.
“We anticipate strong interest from high-end developers looking to capitalise on this highly sought-after residential owner-occupier market, that commands strong revenues.”
Hamish also flagged demand from alternative asset classes.
“We anticipate interest from the active aged care and retirement living market, given the ageing demographic, proximity to health services, and affluent catchment area,” he added.
The Expressions of Interest campaign, managed by Cushman & Wakefield, closes on Wednesday, 21 May at 2pm (AEST).
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