The opportunity
IVANHOE PRIME DEVELOPMENT OPPORTUNITY
Development Sites & Land · Medical & Consulting
A substantial development site positioned within the tightly held Upper Heidelberg Road corridor. Featuring an impressive 20.1m* frontage, this expansive site offers a rare opportunity to capitalize on the area’s strong demand. Improved by an existing 3-bedroom residence, the property provides immediate holding income and flexibility while future redevelopment plans are considered.
Key Highlights
+ Expansive 1,309sqm* General Residential Zone (GRZ) landholding offering outstanding scope for residential redevelopment, childcare facility or medical use (STCA).
+ Generous 20.1m* street frontage delivering exceptional design flexibility and efficient site planning outcomes.
+ Existing three-bedroom dwelling providing immediate holding income or adaptable interim use.
+ Situated within Ivanhoe’s tightly held and highly sought-after residential precinct, underpinned by strong buyer demand.
+ Positioned at the core of one of Australia’s most significant healthcare clusters, surrounded by leading institutions including The Austin Hospital, Heidelberg Repatriation Hospital, Mercy Hospital for Women, Austin Repatriation Hospital and Warringal Private Hospital, creating a substantial and enduring medical catchment.
+ Within immediate proximity to an extensive array of retail, lifestyle and education amenity including Burgundy Street, Warringal Shopping Centre, Ivanhoe Grammar School and Heidelberg Primary School, together with convenient access to Eaglemont railway station and Heidelberg railway station.
+ Excellent connectivity via major arterial roads, providing direct access to Melbourne CBD and surrounding metropolitan areas.
* Approximately
Development sites of this scale and positioning in Ivanhoe are increasingly rare. This is a flexible and high-potential opportunity within Melbourne’s blue-chip north-east corridor.
For further information or to arrange an inspection, please contact Property Times.
