• Registered Valuation March 2026 $11,850,000 plus GST
An exceptional opportunity to secure a substantial landholding comprising approximately 5,396m², strategically zoned Local Centre, with a small portion zoned High Density Residential.
Positioned within an established and growing residential catchment, the property offers significant development potential under the Local Centre zoning provisions, which support a diverse mix of commercial, community, recreation, and residential activities. Residential development is permitted above ground-floor commercial uses, creating the opportunity for a vibrant mixed-use precinct.
Key development highlights include:
• Site Area: 5,396m² (more or less)
• Predominantly zoned Local Centre
• Small portion zoned High Density Residential
• Southern Cross Hospital & Ronald McDonald House are also only a stone's throw away
• Maximum building height of 27 metres
• Minimum build height is only 4 metres
• Mixed-use development potential including commercial, retail, community, recreation and residential uses
• Existing income-producing asset with lease to Care Park - $450k holding income
• Servicing a well-established residential catchment and neighbouring suburbs
This is a rare opportunity to acquire a strategically located development site with immediate holding income and substantial long-term redevelopment potential in a growing urban environment.
Tender Closes Thursday 16th July 2026 at 12noon (will not be sold prior)
