44-46 Forster Street,
Ivanhoe, VIC 3079
Key property information
Expression of Interest
CHADSTONE, VIC 3148
Map of 44-46 Forster Street
Substantial Landholding in Leafy Ivanhoe
- Total landholding of 2,297m²*
- Within Heidelberg Structure Plan
- Significant development upside
The opportunity consists of two adjoining titles located in Ivanhoe, each with a standalone dwelling generating holding income.
A variety of higher and better use scenarios are supported, such as refurbish/value add or major multi-residential development (STCA), given the sites favourable zoning, strong residential suburb profile and proximity to major arterials and prominent destinations.
Key highlights of this opportunity are below:
- Total site area of 2,297m²* and 30m* of combined street frontage
- General Residential Zoning (GRZ1) within the City of Banyule planning scheme
- A highly sought after residential suburb with a median house price of $1,532,500**
- Close proximity to the Heidelberg Medical Precinct & Activity Centre, Ivanhoe Shopping Centre (Upper Heidelberg Rd), Heidelberg West Retail Precinct and Northland Shopping Centre
- Significant development prospects including multi-residential (STCA)
- 9 km* north-east of the Melbourne CBD accessible via the Eastern Freeway and public transport including Heidelberg Railway Station and bus routes
For more information please contact the exclusive marketing agents at Colliers International.
Alex Browne 0418 350 545
Joe Kairouz 0421 430 638
Ted Dwyer 0411 312 165
Property ID: 503501082Last Updated: 26 Mar 2020