Prime GRZ1 Development Opportunity with Strong Multi-Unit Potential (STCA)

This property presents an outstanding development and investment opportunity in one of Melbourne's most established outer-east residential pockets. Set on a flat 884 m²* parcel zoned General Residential Zone - Schedule 1 (GRZ1) with strong multi-unit potential (STCA), it is ideally positioned to deliver significant value for developers, investors and owner-occupiers alike.

This is an exceptionally rare offering - a substantial land holding in a tightly held suburb, just minutes from transport, shops and highly regarded schools. With similar sites in the area already subdivided and redeveloped, the parcel represents a clear pathway to future growth.

Flat land of this size and zoning provides excellent scope for multiple townhouses or similar residential development (STCA). The location offers close access to rail transport and major shopping precincts, ensuring strong lifestyle appeal and consistent buyer and tenant demand.

The property includes a spacious six-bedroom dwelling, a rare feature that allows for immediate rental income or comfortable occupancy while future development plans are prepared. This flexibility makes the property equally attractive to builders, long-term investors, and homeowners seeking land value with upside.

Nearby schools, community amenities and established infrastructure further strengthen the long-term desirability of the position. Whether you choose to develop now, lease out while obtaining approvals, or landbank for future capital growth, the opportunity is substantial and increasingly hard to secure in this location.

Section 32 documentation is available, and terms are flexible.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

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