Melbourne's Landmark Health Precinct Development Site

RWC Glen Waverley is pleased to present 750 Boronia Road, Wantirna - a 5.17-acre* approved development site at the heart of the State Government's 22-hectare Wantirna Health Precinct, and the only privately held landholding within it.

• 20,932sqm* of land with approx. 192m* frontage to Boronia Road, a six-lane dual carriageway
• Approved planning framework - Comprehensive Development Zone (CDZ3) and approved Comprehensive Development Plan (CDP), gazetted August 2024 (Amendment C185knox)
• Approx. 60,000sqm GFA across six buildings of 4-11 storeys, with identified potential to approx. 75,000sqm GFA*
• Many core uses as-of-right - hospital, medical centre, office, retail, residential aged care and residential village require no planning permit in their designated sub-precincts (subject to schedule conditions)
• No advertising, no third-party review, no appeals for permits in accordance with the CDP - statutory 60-day decision timeframe applies
• Infrastructure framework defined - Section 173 road infrastructure agreement with the Department of Transport at final documentation stage
• Capable of staged delivery
• Eastern Health Wantirna 500m* | Knox Private Hospital (24-hour emergency department) 900m* | Westfield Knox 4.4km*
• Immediate access to Mountain Highway and EastLink | 24km* east of the CBD

The Opportunity
Development sites of this scale simply do not come up in middle-ring Melbourne - let alone with the planning already approved. The CDP fixes building heights, setbacks, road networks and infrastructure across the precinct, giving an incoming developer or operator a defined, de-risked pathway from day one.

The approved framework provides for three commercial buildings - suited to hospital, medi-hotel, medical office and health-related retail - and three residential buildings suited to retirement living and residential aged care. Preliminary shadow analysis by Rothelowman identifies scope for approx. two additional levels, lifting yield to approx. 75,000sqm GFA* (subject to design refinement and statutory approvals).

The Precinct
Established by the Victorian Government to serve the growing health and aged care needs of Melbourne's eastern and south-eastern suburbs, the Wantirna Health Precinct is masterplanned for a new public hospital, medical services, education and research facilities, accommodation and housing - anchored today by Eastern Health Wantirna and Knox Private Hospital.

Sale or Joint Venture
The owner will sell outright, or will consider a joint venture with an experienced aged care, retirement living or healthcare operator or developer. The owner brings the land, the approved planning framework and a Rothelowman concept design - the structure is open and proposals are invited.

Due diligence materials are available upon request.

*Approximately. All areas, distances and development outcomes are approximate and subject to statutory approvals.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

Due diligence checklist for home and residential property buyers.

Inspections

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