PRIME IVANHOE DEVELOPMENT SITE
SOLD!
Colliers International are pleased to offer 119-125 Bell Street, Ivanhoe for sale by Expressions of Interest closing Thursday 21st of June at 3pm. This outstanding property is located high on Ivanhoe Hill and has been earmarked by council for multi-storey Mixed-use development (STCA).
Key attributes of this outstanding opportunity include:
- Prime landholding of 2,372m²*
- Flexible Mixed-Use Zoning
- Benefits from dual frontage to both Bell St and rear laneway of 40m* each
- Strong short-term holding income
- Ivanhoe a median house price of $1,410,500* will ensure any residential development is a success (STCA)
- Prime location amongst Heidelberg and Austin Hospital precincts offers alternate development outcomes including medical, retirement and aged care (STCA)
- Position on the hill ensures any future development will benefit from stunning panoramic views (STCA)
- Unmatched demand for apartments with numerous neighbouring successful projects including ‘Ivanhoe Apartments’
A perfect opportunity to develop a multitude of outcomes in one of Melbourne’s most tightly held development precincts, accordingly we encourage prospective purchasers to actively consider this outstanding opportunity.
For Sale by Expressions of Interest closing Thursday June 21 at 3pm.
Please note we are also marketing for sale 131 Bell Street, Ivanhoe next door. We invite prospective purchasers to submit on both or one offering. The combined land parcel totals 3,555m²*.
*approx
For further information please contact:
Colliers International:
Ted Dwyer
+61 411 312 165
Peter Bremner
+61 412 326 942
Trent Hobart
+61 433 196 452
Transaction Manager:
JACX Property
Remember to mention you found this property on DevelopmentReady
