Toorak Road Apartment Site Sells For $6.55 Million

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Source: The Urban Developer

Melbourne-based property investment specialist OpenCorp has paid $6.55 million for a residential site with plans for a new apartment development at Hawthorn East in Melbourne’s inner-eastern suburbs.

According to selling agents, Savills’ Julian Heatherich, James Lockwood and Jesse Radisich, the 757-763 Toorak Road property attracted very strong interest from developers looking to take advantage of Melbourne’s burgeoning apartment market.

“This was an exceptional site offering developers great flexibility and site access as well as main street exposure in one of Melbourne’s most sought after inner suburbs and within easy reach of all essential amenities,” Mr Heatherich said.

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