Savills is delighted to offer for sale this magnificent corner development site in an incredibly highly sought after location at 47-49 Norman Street, Ivanhoe. The key attributes of this fantastic property include:

- High profile corner site of 1,653sq m*
- Newly approved permit for a landmark apartment project comprising 43 apartments
- Ideal corner position with potential for protected views towards the CBD and Yarra parklands
- Existing improvements providing short-term holding income
- An amazing location only 8km* from the CBD and just 200m* from the bustling Ivanhoe retail precinct including Coles/Woolworths plus a wide range of cafes, restaurants and specialty stores
- Immediate proximity to Ivanhoe Train Station and bus routes providing easy access to the CBD, La Trobe University and the nearby medical/hospital precinct in Heidelberg
- Surrounded by elite schools including Ivanhoe Grammar School and Ivanhoe Girls Grammar School
- Ivanhoe is one of Melbourne's most sought after suburbs with very strong demand and high median house/unit prices
- Recent Ivanhoe projects have been huge sell-out successes, and there is a current lack of new apartment supply with virtually no surrounding competing projects
- The best permitted Ivanhoe development opportunity to be offered to the market in recent memory!

The opportunity to secure such a prime development site in one of Melbourne's premier suburbs is incredibly rare, especially when you consider the proximity to prime retail amenity, public transport, size of the site, dual street frontages and planning approval for a spectacular apartment development.

47-49 Norman Street, Ivanhoe is For Sale by Expressions of Interest closing Wednesday 16 March at 2pm.

For further information, please contact:

Jesse Radisich - 0402 085 702
Julian Heatherich - 0412 995 655