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Overview
Positioned within Melbourne's sought-after Wantirna Health Precinct, this substantial 20,932 square metre development site offers a rare opportunity to engage with a state government-planned strategic hub dedicated to healthcare and aged care. Its prominent frontage to Boronia Road and proximity to major transport routes underscores its accessibility, facilitating seamless connections to the broader Melbourne region.
The site rests at the heart of a master-planned precinct designed to meet the surging demand for health, medical services, aged care, and seniors living. Endorsed through the Comprehensive Development Zone (CDZ3) and an approved Comprehensive Development Plan, the property ensures exceptional planning certainty, streamlining the permit process by eliminating advertising requirements and third-party reviews, thereby accelerating development timelines.
This flexible framework accommodates a wide variety of mixed-use outcomes across six carefully coordinated buildings, comprising three commercial and three residential structures. The envisaged gross floor area of approximately 60,000 square metres may be uplifted to around 75,000 square metres through additional levels, subject to planning approvals, enhancing the development's value and capacity.
Surrounded by key health infrastructure including Eastern Health Wantirna and Knox Private Hospital, the precinct is uniquely positioned to serve Melbourne’s rapidly growing eastern and south-eastern populations. The area also benefits from robust residential catchments, retail environments, educational facilities, and transport links, underpinning the site's suitability for sustainable long-term investment in health, aged care, and ancillary commercial uses.
The property's scale, location, and de-risked status cater primarily to developers and investors seeking to capitalize on demographic trends such as an aging population and increasing demand for health-related services. The thorough planning assurance combined with strategic government backing significantly de-risks the development process, making it a distinctive landmark holding in the region.
Local Market Insights
In Melbourne - Outer East, Quiet Listings observed 11 new parcels of land entering the market over the last 30 days, down from 19 during the previous 30-day period, with an average advertised asking price of $684,455. The property type mix of listed properties is predominantly Houses at 65%, followed by units (14%), and townhouses (11%). The most active agency for land in the Melbourne - Outer East area is currently Ray White, representing 27% of new listings, followed by Area Specialist with 18%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
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Location
Market Insights for Wantirna VIC 3152
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