Opportunities to secure a development site of this calibre in one of Melbourne's most tightly held inner-city suburbs are exceptionally rare.
Occupying a commanding corner position just minutes from Melbourne's CBD, 1/342 Dandenong Road presents an extraordinary opportunity to acquire a landmark development site with exceptional scale, flexibility and future potential. Recently subdivided from a larger holding, this prized corner allotment spans approximately 626sqm and boasts an impressive 21.35 metres of frontage to Dandenong Road and 35.33 metres to Wando Grove—creating a highly visible, accessible and remarkably versatile canvas for future development.
In an environment where premium development land is becoming increasingly difficult to source, this is a genuinely unique offering. Zoned General Residential Zone – Schedule 1 (GRZ1), the property is further enhanced by approved plans and permits for a boutique apartment development, allowing purchasers to bypass the uncertainty and delays of the planning process and commence their vision sooner.
Beyond its approved development potential, the site's expansive proportions and prestigious corner position also provide the opportunity to create an architectural statement or an exceptional family residence in one of Melbourne's most sought-after blue-chip locations.
Adding to its distinction, the property is situated within a Heritage Overlay precinct, celebrating the area's rich architectural character while providing the opportunity to deliver a thoughtfully designed project that complements its historic surroundings. Combined with its prominent position along one of Melbourne's most recognised boulevards, the result is a site that seamlessly blends prestige, history and outstanding future potential.
The location is equally compelling. Surrounded by Melbourne's leading schools, renowned cafés and restaurants, vibrant shopping precincts, parklands and outstanding public transport, residents will enjoy effortless access to Chapel Street, Carlisle Street, Alma Park, St Kilda Beach and Melbourne's CBD.
Whether you're an experienced developer searching for your next flagship project, an investor seeking a tightly held strategic landholding, or a visionary buyer looking to create something truly special, opportunities of this significance are seldom offered to the market.
Approved Plans & Permits. Landmark Corner Position. Blue-Chip Inner-City Address.
For further information or to arrange a private inspection, please contact Jacques Khouri or Harrison Rudan of Lewin Real Estate.
