58 Edwin Street, Ivanhoe VIC

  • Sector

  • Land Size

    1,293 m2
  • Zoning

    Residential Growth (RGZ)

Flexible Development Site

A rare development opportunity with planning approval in place for an in-demand childcare centre and the option for an apartment scheme. Located within the prestigious suburb of Ivanhoe less than 12 kilometres from the Melbourne CBD, 58 Edwin Street occupies a prime position which is perfect for a childcare centre development.

The property features

An exceptional opportunity for developers and landbankers to acquire a site with an approved childcare permit, with the added benefit of an available apartment scheme option.

Key features of the offering include:

  • Significant site with sought-after Residential Growth zoning
  • Planning approval for a childcare centre with 127 places
  • Non-binding Heads of Agreement (HOA) to a global childcare provider
  • With the recent rollout of a significant Federal Government subsidy for childcare and Australia’s projected population growth set to reach 30 million by 2033, demand for reliable childcare could not be higher
  • Alternate development options also available, including the potential for an 8-level residential development (STCA)
  • Height limit anticipated to increase from 16 metres to 23 metres subject to approval of Amendment C172 to the Banyule Planning Scheme^
  • Located within one of Melbourne’s most sought-after postcodes, Ivanhoe is less than 12km* from the Melbourne CBD, and is bordered by affluent suburbs including Eaglemont and Kew
  • Several top education providers are nearby, with Ivanhoe Grammar School, Ivanhoe Girls’ Grammar & Ivanhoe Primary School all within 3km*

*Approximately ^Statutory process and public exhibition to assess Amendment C172 is currently underway
STCA – Subject to Council Approval