44-46 Forster Street
Ivanhoe, VIC 3079

Overview

Activity Centre Zoning. Large Landholding. Flexible Terms

An exceptional opportunity to secure one of Ivanhoe's most compelling large-scale development sites, this substantial combined landholding of approximately 2,299 square meters with an expansive 30 meter 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, offering potential for a substantial apartment project, retirement living, aged care facility, mixed-use outcome, or other value-add uses, subject to council approval. The property features no Heritage Overlay, a flat site profile, rear access, and generous separation from surrounding buildings, establishing key fundamentals for development.

Planning controls support increased housing supply and urban renewal, with potential for a significant multi-level development of up to eight storeys, subject to council approval. 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 major medical facilities including Austin Hospital, Mercy Hospital for Women, and Warringal Private Hospital. Nearby amenities include Burgundy Street shops, cafés, golf courses, and the major medical precinct, making it highly attractive for retirement living, aged care, and health-based accommodation. Its close proximity to Bell Street and 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: The information provided has been prepared with best endeavors to ensure accuracy but is not guaranteed. Prospective purchasers should conduct their own inquiries and refer to the due diligence checklist provided by Consumer Affairs for home and residential property buyers. Further information can be found at http://www.consumer.vic.gov.au/duediligencechecklist.

Location