382 Burwood Highway, Wantirna South VIC 3152

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26 parking

Versatile Site with Restaurant and Redevelopment Potential

This exceptional commercial property, located within the highly sought-after Knox Central Precinct Plan, offers an unparalleled opportunity for investors and developers. Spanning an impressive 1,412m² with Mixed Use Zoning (MUZ), the site is primed for significant development potential, allowing for a building height up to 18 meters. Draft drawings for a 33-apartment complex are already available, highlighting the scope of possibilities.

Currently operating as a licensed Chinese restaurant, the property boasts a well-established business with a seating capacity of 100, including a VIP dining room for private occasions. The restaurant is equipped with near-new kitchen facilities, ensuring a seamless continuation of operations for hospitality professionals or an easy transition for new ventures. The existing floor area measures approximately 200m², providing a functional layout for its current use.

Adding to the property's appeal are the 26 on-site parking spaces, ensuring convenience for customers and clients. Strategically positioned within a high-visibility location, this property benefits from significant foot traffic and proximity to a bustling commercial hub. Whether you are looking to take advantage of the thriving restaurant business or explore the site's extensive redevelopment potential, this property is truly a rare offering.

Don't miss the chance to secure a high-performing asset with future growth opportunities.

Property Details

• Type: Land/Development, Retail
• Building Area: 200 m² (approx)
• Land Area: 1,412 m² (approx)
• Tenancy: Vacant