One of the last remaining Malvern corners with permit approval hits the market

Nestled within the amenity-rich Malvern, the large vacant site presents a unique opportunity for a multi-storey development.

A prestigious development site at 1341 Malvern Road, Malvern, has exclusively been brought to market by Colliers selling agents Ted Dwyer, Ben Baines and Jozef Dickinson. The rare, permit-approved corner site is situated in the highly esteemed suburb of Malvern, renowned for its blue-chip status and having one of Melbourne’s highest median house prices.

The site encompasses an impressive 1,182 sqm and has flexible Commercial 1 zoning, allowing for a range of uses (STCA). This makes it an ideal opportunity for a variety of developments, as it benefits from excellent visibility and accessibility with street frontage along both Malvern Road and Meredith Street.

“The site is currently vacant and presents one of the few remaining corner sites with such desirable commercial zoning with planning approval for a five-level development, including residential units, short-stay hotel accommodation, and retail spaces,” said Colliers Director Ted Dwyer.

“The planning approval for this site offers developers a unique opportunity to move forward with a sophisticated project or explore further potential by reconfiguring the plans to suit the high-end residential market (STCA).”

Malvern, known for its prestigious residential real estate, boasts a median house price nearing

$3,000,000 and offers a combination of historic charm and modern convenience.

Colliers Director Ben Baines added, “The site’s prime location blends the charm of Malvern with the convenience of inner-city living, perfectly positioned on the edge of the bustling Malvern Road retail strip and within a short walk to the picturesque Malvern Gardens.”

“The site benefits from immediate access to public transport, including the Malvern Road tram and Tooronga train station, both a short walk away.”

A range of amenities also surrounds the site, including Malvern Vale Hotel, Clubhouse Café, Teo’s Pizza & Bar, Milton Wine Shop, Neon Tiger, Cucina Di Gio, and AM Bakehouse. Additionally, it is within walking distance of esteemed educational institutions, including Malvern Central School, De La Salle College, Lauriston Girls’ School, Little St Margarets Kinder, and Montessori Beginnings.

With price expectations above $7 million, 1341 Malvern Road, Malvern is available for sale via Expressions of Interest, closing Thursday, 12 September at 3pm (AEST).