A significant corner parcel of land, with three street frontages in the heart of Melbourne’s Doncaster, has been listed for sale by leading agents, Savills Australia and New Zealand.
The 8,176sq m parcel, located at 584-588 Doncaster Road in Doncaster, represents a major site with permit approval for an incredible 11-level, 260 apartment modern project, situated in an elevated position to provide residents a panoramic view.
The site is just 150m from Westfield Doncaster, one of Australia’s largest and most prestigious shopping centres, which features some of the suburb’s best retail, dining and food offerings. The property’s position also offers easy access to Westfield’s bus interchange, as well as the Eastern Freeway and Tram Road, allowing quick travel into Melbourne’s CBD.
Planning approval for the landmark residential project will offer residents expansive communal terraces and private balconies, over 400 car spaces and premium amenities including a pool, gym and atrium enabling natural light throughout the building, all impeccably designed by award-winning architects, Hayball.
Speaking on the opportunity, Benson Zhou, Director – CBD and Metropolitan Sales at Savills, said, “This is an exceptional chance to acquire a site in one of Melbourne’s best lifestyle locations, a stone’s throw from one of the city’s most popular shopping precincts in central Doncaster.
“With street frontage spanning an incredible 241m across Doncaster Road, Elgar Road and Briar Court, this site and planned project offer any investor or developer the potential to create an iconic new presence in Doncaster Hill,” Mr Zhou concluded.
Julian Heatherich, State Director – CBD and Metropolitan Sales at Savills, said, “Doncaster’s population is forecast to increase 18% by 2031, indicating strong residential dwelling growth will be required within the local area to meet future housing needs.
“As one of the last remaining landmark sites in the modern urban village of Doncaster, the investor or developer who acquires this land parcel will have a direct hand in the evolution of Doncaster Hill’s skyline and its landscape.”
The site sits within the Doncaster Hill Activity Centre, governed by the Manningham City Council, and is considered a prime location for redevelopment given existing physical and community infrastructure assets such as the local schools and recreational facilities, hotel accommodation, places of worship, office buildings and medium density residential developments.
Expressions of Interest on 584-588 Doncaster Road, Doncaster close at 2pm on 24 May 2023.