low risk development site for $800,000+ with potential holding income or immediate start

low risk development site for $800,000+ with potential holding income or immediate start

July 2019
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Low Risk Development Site for $800,000+ with potential holding income or immediate start

A superb permit approved development opportunity in the lush and green suburb of Eltham, has recently been listed for sale by Knight Frank’s Melbourne team. This 594sqm block is perfectly positioned on the high side of Main Road and lends itself well towards an array of operating and development outcomes.

With impressive views towards Diamond Creek, fantastic nearby transport and lifestyle amenity, the property allows residents to “go bush” while retaining their desire for urban convenience.

820 Main Road in Eltham will be put to auction at 12pm on Thursday 15 August 2019 – unless sold prior. 

“We’re very excited to introduce interested parties to the property. There’s a breadth of opportunity awaiting here within one of the most beautiful suburban locations in Melbourne; the surrounding leafy vegetation is truly stunning.” Knight Frank agent James Thorpe said.

“The property previously operated as a ground floor café with a two-bedroom residence above. While an astute buyer will no doubt recognise the flexibility offered for short to medium term holding income, the option for immediate development is also present.

 “The site is being offered for sale with plans and permits in place for an exceptional mixed use development, which potential purchasers can obtain a copy of upon request.”

Residents’ lifestyles need not be sacrificed as all lifestyle conveniences lie at one’s fingertips. Eltham Train Station is approximately 850 metres away, with Eltham’s retail precinct, schools and parklands surrounding the property in close proximity too.

This mix of sought-after amenity, with the magnificent surrounding nature and artsy-community vibe has made Eltham a popular destination amongst multiple age generations. There’s no other suburb in Melbourne that quite offers all of these elements in balance as well as Eltham does.


  • 594sqm* of Mixed Use zoned land 
  • Plans and permits in place for an exceptional mixed use development
  • Currently comprised of ground floor retail with residence above
  • Short walk to Eltham Station, Eltham Shops, Schools & Parkland
  • Stunning views towards Diamond Creek

*Please note that all financials, measurements and distances quoted are approximate only.

820 Main Road, Elthamwill be presented for sale by auction at 12pm Thursday 15 August 2019.

For more information on this opportunity and to organise an inspection, please contact the Knight Frank Melbourne team and mention Development Ready.

Knight Frank Melbourne:
James Thorpe: +61 414 510 071
Stephen Kelly: +61 407 320 377