Mount Waverley, Victoria 3149Auction
Land/Development - Mount Waverley Victoria
This is an opportunity for an experienced investor/property developer or a large corporate organisation looking to secure this rare 4.2Acres/1.7ha of land in the heart of Mount Waverley.
Located just eighteen kilometres from Melbourne’s Central Business District. The site is adjacent to the Monash Freeway, with other major access routes including the Princess Highway, and Eastlink close by.
The land area of approx 4.2 acres is complemented by a single floor plate building of approximately 7200 m2 previously used as office space. In additional, the site also has 2,841 m² of undercroft, which is ideal use as a low-‐level distribution centre, provide workstation expansion or additional car parking.
The site is ideal for someone looking to encourage the integrated development of offices with the potential of future residential use subject to MPA .
|Site||68 Ricketts Road, Mount Waverley|
|Municipality||City of Monash|
|Planning Scheme Requirements|
|Zone||Special Use Zone – Schedule 6
Plan Melbourne – The Metropolitan Planning Strategy nominates the site and surrounding areas as the Monash National Employment Cluster. Plan Melbourne identifies this Employment Cluster as suitable to accommodate future residential development in addition to employment. The Melbourne Planning Authority (MPA) plans to undertake a Rapid Planning Assessment (RPA) of the Cluster to assess what changes are required to the planning scheme to deliver the Cluster, including residential development. Timing of RPA is undefined.
|Overlay(s)||Design and Development Overlay – Schedule 1
|LPPF||Clause 21.07 – Business Parks and Technology
|Potential Base Case||
|Potential Aggressive Case||
or subject to a RPA by the Government,
We recommend liaison with the MPA to monitor the RPA.