A significant landholding in Melbourne’s bayside has been offered to market, with the cleared site offering substantial dual frontage and a permit for a major mixed-use development in the heart of Chelsea Heights.
The site, located at 15 Sixth Avenue in Chelsea Heights, is set over 21,550sqm and is approved for 59 townhouses which can be undertaken across two stages, with state 1 comprising of 22 dwellings situated on Sixth Avenue and state 2 comprising of a further 37 dwellings pm future Caledonia Avenue, accessible via Wells Road.
The proposed development also includes a large, two-level childcare facility accommodating 148 places. The design offers spacious staff facilities, nine children’s rooms, two large activity rooms, multiple meeting rooms and play areas spread over a total 1,116sqm. Additionally a 33-space car park will be positioned in the northern corner accessible via the future Caledonia Avenue.
Savills Australia and New Zealand are the selling agents for the site.
Benson Zhou, Director at Savills said of the site, “Considering the projected shortfall of 106,000 homes expected by 2027, 15 Sixth Avenue, Chelsea Heights, emerges as a prime and eagerly coveted developmental prospect. The property is ready for immediate development, with comprehensive documentation in place, presenting a savvy developer the chance to capitalise on the substantial housing demand. This opportunity entails the immediate undertaking of a sizable project, featuring 59 townhouses and a 148 place childcare facility, aligning perfectly with the pressing need for housing.”
Julian Heatherich, State Director at Savills said, “Chelsea Heights has undergone significant gentrification in recent years, and is considered one of Melbourne’s tightest-held south-eastern bayside development catchments.
“Close to lifestyle and retail amenities such as the Thames Promenade Retail Strip, DFO Moorabbin and Harbour Plaza and well serviced by a range of transport options, the site is supremely positioned for easy access and convenience.”
Chelsea Heights sits within the City of Kingston LGA which has experienced significant medium density residential development in recent years. Given the considerable level of growth this past decade, development sites of scale have become increasingly rare, with dwelling numbers forecasted to grow only by 10% over the coming 20 years.
The suburb has also experienced a 16% increase in the median house price since 2019
With a price guide upwards of $20,000,000, the site at 15 Sixth Avenue, Chelsea Heights is for sale by Expressions of Interest closing 4 October at 2pm.
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