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2. Property Highlights

MORTGAGEE SALE: Expansive 13,728 sqm* Landholding, Permit Approved Townhouse Development
  • Permit Approved for 35 Townhouses
  • 250 m* to Mitcham Road Retail Strip
  • Abundant Prestigious Schooling Options

Stonebridge Property Group is pleased to present for mortgagee sale, 25-35 Park Road, Donvale.

A significant 13,728 sqm* landholding with favourable General Residential Zone, and a current permit approval for 35 townhouses.

Donvale known for its leafy locale, is a highly sought after premium Melbourne eastern suburb, boasting a median house price of $1,750,000** underpinning the heightened demand for medium-density dwellings in this precinct.

The property has excellent proximity to retail amenity and nearby schooling options for residents, as well as several parks and recreation reserves.

Key highlights include:

- Expansive 13,728 sqm* landholding with favourable General Residential Zone

- Permit approved for 35 two-storey townhouses

- Multiple ingress/egress points of access via Park Road, Landford Crescent and Wrendale Drive

- Situated centrally to 3 major activity centres, Ringwood, Mitcham & Doncaster

- Exceptional retail amenity nearby including Tunstall Square Shopping Centre (1 km*), Mitcham Shopping Village (1.4 km*), and Eastland Shopping Centre (3.5 km*)

- Proximity to several prestigious schools Donvale Primary School (1.3 km*), Whitefriars College (1.3 km*), Donvale Christian College (2.9 km*) and Carey Baptist Grammar School (3.2 km*)

- Outstanding connectivity via the Eastern Freeway (900 m*), as well as Mitcham Train Station (1.8 km*)

- One of Melbourne’s leafy eastern suburbs, home to Murndal Reserve (150 m*), Mullum Mullum Reserve (450 m*), Donvale Reserve (1.3 km*), Schwerkolt’s Cottage (2 km*) and many other parks, playgrounds and reserves

- Strong median house price of $1,750,000** underpinning the demand for medium density housing in Donvale

25-35 Park Road, Donvale is offered for Mortgagee Sale via Expressions of Interest closing Thursday 14th March 2024 at 2:00pm (AEDT). To obtain further information, or to arrange an inspection, please contact the exclusive selling agents Stonebridge Property Group.

Julian White

0422 764 137

Andrew Milligan

0421 559 992

Chao Zhang 张超

0411 625 068

*Approximate

** REIV (2024)

Property Code: 841

Remember to mention you found this property on DevelopmentReady

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3. Property Location

25-35 Park Road, Donvale, VIC 3111