597 Burwood Highway, Vermont South, VIC, 3133

SoldMay 30, 2022

597 Burwood Highway, Vermont South, VIC, 3133

$3,950,000

5393 m²

House

•

30+ days on the market

Sold: May 30, 2022

What's around 597 Burwood Highway

'Glencor' - Rare 5,393Sqm Estate Ready for Vision

What a rare gem this is, ready for development vision - a sprawling homestead on a grand 5,393Sqm (approx.) allotment in the celebrated Winery Estate. Vermont Secondary College catchment (STSA), a 15min walk to shops, restaurants and transport connection at Vermont South's vibrant activity hub are just some of the offerings. With plans approved to add 3 new homes behind the existing residence - 4-bedroom single level designs with all services complete - there's huge promise here for multi-unit development (STCA) catering to the growing demand from home buyers and downsizers in this esteemed pocket. 'Glencor' is one of the original acre-plus parcels in this heartland estate between Terrara and Hanover Rd - named after the Corrs family which founded one of Melbourne's most respected law firms. The existing residence charms with all the character you'd expect of an historic property - elegant wraparound verandahs, lofty ceilings, and a big rambling floor plan with 4 living areas including a light-filled family room alongside a big modern kitchen. It's a grand, comfortable setting with 4 bedrooms and 3 bathrooms including a palatial master suite with a hot tub and sauna, suitable to live in or lease out while you consider plans to transform this flat 1.3 acre property. With double storey elevation, prospective new builds have the potential for sweeping views of The Dandenong Ranges (STCA) - adding to the allure for developers wanting to capitalize on this private cul de sac on the fringe of Terrara Park and the $10 million redevelopment of Morack Golf Course. The possibilities are endless, and open to a visionary buyer ready to sow the seeds for future growth in the heart of the suburbs.

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Seller's review

almost 4 years ago

Verified Review

A complex sale handled well by Adam Docking

We had a large property which was suitable for development but was somewhat encumbered by access limited via a Body Corporate roadway. Adam introduced a number of developers who were concerned about possible Body Corporate limitations and also Council TP requirements. We were in negotiations with one developer, who wanted untenable settlement conditions, when Adam introduced private buyer, no conditions, settlement 180 days. Adam negotiated on our behalf and we were able to come to an agreement on a price which was close to what the Developer was prepared to pay but on more attractive settlement terms. Adam's perseverance and professional advice was much appreciated.

John Gardner

Seller