270 Maroondah Highway
Chirnside Park, VIC 3116

This exceptional property at 270 Maroondah Highway, Chirnside Park, represents a premium dual-use development opportunity within one of Melbourne's most sought-after eastern precincts. The site encompasses approximately 5.64 hectares (13.9 acres), offering a substantial industrial greenfield landholding with unparalleled scale and strategic value.

Positioned prominently along the bustling Maroondah Highway commercial corridor, the land benefits from high exposure and excellent transport connectivity. Local bus routes and the nearby Lilydale train line provide convenient access, while the proximity to major retail anchors such as Bunnings Warehouse, Harvey Norman, and Chirnside Park Shopping Centre enhances the site's commercial appeal.

The property is currently zoned Industrial 1 Zone (IN1Z), allowing immediate development potential for industrial purposes. This zoning provides maximum flexibility for astute developers to capitalize on the acute shortage of industrial land in this constrained logistics corridor. Prospective purchasers can proceed with industrial subdivision plans, institutional-grade business parks, or small-format industrial developments subject to council approval (STCA), offering a secure and low-risk pathway to significant capital and rental growth from day one.

Alternatively, this site offers an extraordinary strategic land-banking opportunity with substantial future upside. The local council is actively considering the property for High Density Residential uses, as detailed in the Chirnside Park Structure Plan Issues and Options Paper dated 21st August 2025. This potential rezoning presents a lucrative choice for buyers: either activate immediate industrial development plans or pursue the rezoning process to unlock a landmark high-density residential project that could fundamentally transform the precinct.

Key investment highlights include:

• Unrivalled scale and footprint with a premium 5.64-hectare greenfield landholding in a premier Eastern Melbourne growth hub.
• Immediate industrial activation potential due to the current Industrial 1 zoning, enabling swift lodgement of development plans and permits.
• Strategic rezoning potential for high-density residential use, as identified by local council planning documents.
• High-exposure location with exceptional frontage and visibility along a major commercial corridor.
• Excellent surrounding retail and transport amenities, including access to national retailers and public transport networks.

The property is offered for sale via Expressions of Interest (EOI), closing on Friday, 17th July 2026 at 12:00pm AEST. This presents a unique opportunity for developers and investors to secure a significant land parcel in a highly constrained and rapidly evolving market.

All information provided has been sourced from third parties and has not been independently verified. Interested parties are encouraged to conduct their own due diligence and enquiries to assess the property's suitability for their requirements.

For further details or to request the Information Memorandum, please contact the exclusive selling agent.