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SOLD

Banksia Village - 232 Banksia Street, 96, 98/98A and 100 Oriel Road, Bellfield, VIC, 3081

Properties / Sold / Victoria / Bellfield

Development Potential

1. Property Summary

Property Type

Residential

Land Area

22,128 m² (*approx)

Selling Method

POA:

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2. Property Highlights

MOMENTOUS RESIDENTIAL DEVELOPMENT OPPORTUNITY

Infill development opportunity bordering Ivanhoe
Overlooking Ford Park
Island site with 3 frontages

Colliers International is pleased to present Banksia Village, a momentous residential development opportunity, via Expressions of Interest (EOI). This scarce land holding of scale provides developers with the chance to secure an exciting development proposition supported by Council’s own urban regeneration initiative.

This opportunity is available via a clearly defined two-stage procurement process to purchase Banksia Village, or a combination of its four parcels:

Stage 1 – Expressions of Interest (EOI) – Bellfield Residential Development Project.

Stage 2 – Request for Proposal (RFP) from shortlisted EOI respondents commencing around September 2020.

Key features of this development opportunity:

Momentous infill residential development site of 2.21 Ha*
Island site with three existing frontages overlooking Ford Park
Proven local market acceptance of medium and higher density housing within immediate vicinity
Banskia Village offers both planning flexibility and certainty to deliver up to circa 300 dwellings
Residential Growth Zone site underpinned by a Development Plan Overlay (pending) which supports medium to higher density development across the site
Rare opportunity for a developer(s) to collaborate with the Banyule City Council to create a flourishing and integrated residential community
Separate land parcels available for sale together or on an individual basis

*Approx

For more information on this exceptional Residential Development opportunity please contact the Colliers International Development Site Sales team.

Hamish Burgess 0421 641 497

Joe Kairouz 0421 430 638

Robert Papaleo 0418 327 574

Remember to mention you found this property on DevelopmentReady