Glen Iris church site with six-level upside tipped to fetch more than $10m

A prominent Glen Iris corner development site benefiting from Victoria’s new higher-density planning reforms has been brought to market with price expectations north of $10 million. 

The 1,843 sqm* holding at 52 Scott Grove occupies a high-profile corner position with an 87 metre frontage within one of Glen Iris’ most tightly held residential pockets, offering development potential of up to six levels under the inner catchment of the Housing Choice and Transport Zone Schedule 1 (HCTZ1). 

The site is currently improved by an existing church building, however, importantly carries no heritage overlay, providing developers with significant flexibility as demand builds for well-located apartment sites across Melbourne’s established middle-ring suburbs. 

For sale through Hamish Burgess, Joe Kairouz and Leon Ma of Cushman & Wakefield, the site’s inclusion within the State Government’s rezoning program is expected to place the asset firmly on the radar of apartment developers seeking to capitalise on increased density allowances near transport and amenity. 

Hamish Burgess of Cushman & Wakefield said the planning changes are reshaping developer demand across key activity centre precincts. 
“The site benefits from recent inclusion within the Housing Choice and Transport Zone Schedule 1, allowing development of up to six levels. These newly rezoned precincts, introduced under the State Government’s Activity Centres Program to support higher-density outcomes, are generating strong interest across the development market,” he said. 
Positioned close to Gardiner Station and surrounded by leading schools including Korowa, Sacre Coeur and Caulfield Grammar, the site is expected to appeal to groups targeting premium owner-occupier product. 

Joe Kairouz of Cushman & Wakefield said the property combines planning upside with strong residential fundamentals. 
“What makes this opportunity particularly compelling is the combination of scale, frontage and location. Sites with no heritage overlay in blue-chip suburbs such as Glen Iris are becoming increasingly difficult to secure, particularly those capable of supporting luxury apartment outcomes,” he said. 
The property is being offered for sale via expressions of interest closing 2pm (AEST) 18 June through Cushman & Wakefield.