An exceptional opportunity to secure one of Ivanhoe's most compelling large-scale development sites, this substantial combined landholding of approximately 2,299sqm with an expansive 30 metre frontage is positioned within the heart of the Heidelberg Major Activity Centre and benefits from the recently introduced Activity Centre Zone Schedule 2 (ACZ2).
Located within Precinct 6 - Residential Transitional, the site is strategically suited to medium and higher density redevelopment, with scope for a substantial apartment project, retirement living, aged care facility, mixed-use outcome or other value-add uses (STCA). With no Heritage Overlay, a flat site profile, rear access and generous separation from surrounding buildings, the key fundamentals for development are already in place.
Planning controls support increased housing supply and urban renewal, with potential for a significant multi-level development of up to 8 storeys (STCA). The scale, frontage and flexibility of the landholding make this one of the more tightly held and increasingly scarce opportunities in the precinct.
Existing improvements provide holding income potential while plans and permits are explored, with flexible settlement terms available to suit owner occupiers, developers and institutional buyers alike.
Positioned for absolute convenience, the property is within walking distance of Austin Hospital, Mercy Hospital for Women, Warringal Private Hospital, Burgundy Street shops, cafés, golf courses and the major medical precinct, making it highly attractive for retirement living, aged care and health-based accommodation, while its close proximity to Bell Street & Burgundy Street retail, Heidelberg Train Station, Ivanhoe Village, the Yarra River parklands and trail network, Warringal and Northland Shopping Centres, elite private schools, La Trobe University and the Eastern Freeway also underpins strong demand for first home buyer, owner-occupier and investment apartments.
Disclaimer: We have, in preparing this document, used our best endeavors to ensure that the information contained in this document is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquiries and refer to the due diligence checklist provided by Consumer Affairs. Click on the link for a copy of the due diligence checklist from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist
