VicTrack requests Expression of Interest to determine the interest in acquisition and development of 9 Glentilt Road, Glen Iris.

About the site:

Spanning 2,369 square meters, this freehold property, adjacent to Gardiner Station in Melbourne, holds significant promise for discerning investors and developers.

Site is located approximately 9 kilometres from Melbourne central business district, with convenient proximity to Gardiner Train Station and tram route 72, accessibility is paramount.

The potential for development at 9 Glentilt Road aligns seamlessly with the City of Stonnington's urban planning initiatives. As this municipality anticipates a substantial 14.48% population growth from 2022 to 2036, it underscores the demand for thoughtfully designed residences. Glen Iris, with its median house listing price of $2.27 million, presents an appealing market for diverse housing options, with townhouses comprising a noteworthy segment.

About EOI:

VicTrack will be offering two packages:

1. Package One: EOI for Direct Sale of Land

2. Package Two (two stage procurement process): EOI enquiry to gauge the interest in site development and subsequent selective RFT enquiry to select a capital partner.

Note: All bids are to be submitted to our lawyers and not through Buying for Vic. Please refer to 4. Lodgement section of Document Part A – The Invitation for details.