1667-1669 and 1671-1673 Malvern Road Glen Iris, VIC, 3146

EXECUTIVE SUMMARY:

Property Address 1667-1673 Malvern Road, Glen Iris Vic 3146

Location

Prime Glen Iris location with access to Train, Tram and Monash Freeway, Melbourne’s most prestigious schools and tranquil tree-lined parks and walking tracks

Site Area 2040 sqm*

Development Summary

Notice of Decision was issues in 2022 for 40 apartments in 4 level, by local council with some permit conditions. Additionally, this site has been flagged for 6 Level development by Department of Transport and Planning under Activity Centres Zoning proposal. Its is expected to be implemented by early 2026 (STCA).

Existing Improvements

Substantial existing improvements include

Two large blocks with single story dwellings on each and a rear lane way connecting to King Street. There are total three Titles

Frontages 40m* total frontage to Malvern Road

Passing Rental Income (Gross)

$113,100 per year

DEVELOPMENT SITE HIGHLIGHTS:

SITE ADDRESS: 1667-1669 and 1671-1673 Malvern Road Glen Iris and the laneway behind these properties.

EXCEPTIOAL DEVELOPMENT OPPORTUNITY WITHIN NEW GARDINER ACTIVITY ZONING – 6 LEVELS

• PRIME LOCATION: Neighbours Malvern and Toorak

• Has been the demographic Centre of Melbourne from early 2000 until 2024
• Walking distance to Train, Tram and Monash Freeway Inbound /Outbound Access.
• 15 mins drive to CBD during off peak time.
• Only 7-8 KM from the CBD.

Stunning more than 1/2-acre site, suitable for apartment flagged up to 6 levels (as per new Gardiner Activity Zoning) or Town houses development site.

Unlock the potential of this rare and expansive land offerings in the heart of Melbourne’s tightly held affluent suburbs.

This 2040m2 site including a lane way access to the side King Street offers an incredible opportunity for developers and builders looking to create a high-quality development conducive to this area.

LOCATION:

• This property is a major landholding in Glen Iris and one of the high-profile development sites in the surrounding.

• World Class Transport connectivity via Gardiner Station (350 m approx.), Tram stops for Number 72 operating along Malvern Road /Burke Road (150M) approx. as well as inbound /out bound access through ramp to Monash Freeway (350M).
• Within Catchment Zone for Camberwell South Primary School (1.0 Km) approximately, Auburn High School (2.5Kms), and proximity to Melbourne’s most prestigious schools: Korowa Anglican Girls School, Sacre Coeur, Caulfield Grammer School, St Kevins College, Scotch College and Camberwell Girls Grammer School
• Proximity to ample of lifestyle amenity including the renowned Gardiners Creek trail (400M), Glen Iris Wetlands (400M), TH King Oval Sports Complex (300M),

East Malvern Football and tennis Clubs (700m), Central Park (800M), Harold Holt Swimming Centre (1.2KM), and Malvern Valley Gold Course (1.5KMS).

• Excellent Retail Amenity nearby on Burke Road (290M), High Street Glen Iris (470M), which includes locally renowned Platform Expresso, the Glen Iris Bakery and 1533 Cellars, as well as Wattletree Village (950M), and the famous

Chadstone Sopping Centre(3.5KMS)

• The site is located within proximity to a few Government and private Hospitals.
• The site is near most of the Universities of Melbourne like Monash Uni, Deakin Uni, RMIT, Swinburn and Melbourne University.
• Glen Iris is a highly sought-after residential market, just 8KM to Melbourne CBD and boasting a median house price of $2.46millions (REA 2025), acute shortage of apartments/dwellings in this area, which can only seem to be growing with time creating excessive demands likely elevated end sales rates for an apartments or town houses projects.
• Malvern Road is considered a Main road with designated free car street parking space and exclusive cycle path.

SCALE:

• The project land is relatively Rectangular shaped site (40ms wide approx. X 50ms deep approx. Plus laneway behind the developed corner block) total of 2040m2.

• Impressive 40M frontage to Malvern Roadside with secondary access via King Street, creates an excellent opportunity for development with double street access.

Improvements:

• The property is improved by two large residential buildings across two separate titles fetching approximately $2,075 Per Week total from rent.

• Rear ROW/Laneway is in separate tile but attached with both properties. An easement has been created on this ROW in favour of 1667-1669 Malvern Road for a legal point of discharge at King Street side.

Planning Overview:

• The property is currently in a General Residential Zone-Schedules 7 and 10 under the City of Stonnington.

• The location has been identified as a Train and Tram Zone Activity Centre by

Department of Transport and Planning (Victoria Govt). One can visit their

website: https://engage.vic.gov.au/activity-centres to find out more about this new proposal.

• Please note that there was a Notice of Decision Granted by the council for 40 apartments in 2022, which later was refused by the VCAT due to the illegitimate and harsh permit conditions added the NOD by the local council.

Ownership Structure:

• Currently 1667-1669 Malvern Road and the laneway are jointly owned in the personal names of the owners(couple) and these two titles are unencumbered.

• 1671-1673 Malvern Road Glen Iris is owned by a family trust where the same couple are the directors of the trusty company J.P.Sinha Pty Ltd.

Development Potential:

• This site offers immense potential for high-demand housing in a thriving and affluent area of Melbourne.

• Ideal for multi-story apartment up to 6 levels with 2 basement parking (STCA) as per new Activity Centre Rezoning.
• Based on 4 story ,40 Apartments for which a NOD to grant permit was issued in 2022 by the local council. Hence it can be safely assumed that approximately 60 apartments can be built if 6 levels are permitted (STCA).