Property Details
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Contact Agent
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Development
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3827 sqm
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5000 sqm
Agent Details
19-23 Hereford Road, Mount Evelyn
Significant Development/Reposition Opportunity | Permit Approved With 103m* Frontage
Teska Carson and Burgess Rawson are delighted to offer to the market 19-23 Hereford Road, Mount Evelyn for sale via Expressions of Interest closing Wednesday 2 July 2025 at 3pm.
The property has the following key highlights:
+ Irreplaceable 5,014 sqm* supersite with valuable 103m* frontage to Hereford Road a major connecting arterial road.
+ Permit approved for 104 place childcare Centre on approx. 43% of the site - Childcare Provision across the catchment is around half the metropolitan average demonstrating the demand for this use.
+ Development scheme included to build QSR / Fast Food in addition to permitted childcare centre.
+ Existing 3,827 sqm* building improvements include large ground floor recreation centre / warehouse (3,337 sqm*), first floor permitted medical / office (325 sqm*) and 3 bedroom apartment (165 sqm*).
+ Additional uses include owner occupation, residential, medical, recreation, aged care and hospitality (STCA).
+ Favourable Neighbourhood Residential Zone (NRZ3) with existing commercial use on site providing flexibility for future use (STCA).
+ Holding income provided by ‘Pro Futsal’ with a lease in place until 31 December 2025 with no further options.
+ Strong investment potential with enormous rental upside possible.
+ Excellent exposure location with 15,700* cars on Hereford Road and 22,000* cars on York Road (400m*) passing daily (1).
+ Moments to IGA Supermarket, Australia Post, Mount Evelyn Tennis Club and York Road commercial precinct.
+ Mount Evelyn: metropolitan Melbourne suburb 37km* from Melbourne CBD. Close proximity to Kilsyth, Bayswater, Croydon and Lilydale (1).
+ Mount Evelyn: population of 10,032 with 84% of it’s population under 65 years old (2).
For Sale via Expressions of Interest Closing Wednesday 2 July 2025 at 3pm AEST
To discuss the property further, receive an information memorandum or access the dataroom, please don't hesitate to contact us:
MATTHEW FELD
0415 803 348
mfeld@teskacarson.com.au
LUKE BISSET
0400 344 211
lbisset@teskacarson.com.au
*Approx
(1) Gap Maps
(2) RealEstate.com.au
The property has the following key highlights:
+ Irreplaceable 5,014 sqm* supersite with valuable 103m* frontage to Hereford Road a major connecting arterial road.
+ Permit approved for 104 place childcare Centre on approx. 43% of the site - Childcare Provision across the catchment is around half the metropolitan average demonstrating the demand for this use.
+ Development scheme included to build QSR / Fast Food in addition to permitted childcare centre.
+ Existing 3,827 sqm* building improvements include large ground floor recreation centre / warehouse (3,337 sqm*), first floor permitted medical / office (325 sqm*) and 3 bedroom apartment (165 sqm*).
+ Additional uses include owner occupation, residential, medical, recreation, aged care and hospitality (STCA).
+ Favourable Neighbourhood Residential Zone (NRZ3) with existing commercial use on site providing flexibility for future use (STCA).
+ Holding income provided by ‘Pro Futsal’ with a lease in place until 31 December 2025 with no further options.
+ Strong investment potential with enormous rental upside possible.
+ Excellent exposure location with 15,700* cars on Hereford Road and 22,000* cars on York Road (400m*) passing daily (1).
+ Moments to IGA Supermarket, Australia Post, Mount Evelyn Tennis Club and York Road commercial precinct.
+ Mount Evelyn: metropolitan Melbourne suburb 37km* from Melbourne CBD. Close proximity to Kilsyth, Bayswater, Croydon and Lilydale (1).
+ Mount Evelyn: population of 10,032 with 84% of it’s population under 65 years old (2).
For Sale via Expressions of Interest Closing Wednesday 2 July 2025 at 3pm AEST
To discuss the property further, receive an information memorandum or access the dataroom, please don't hesitate to contact us:
MATTHEW FELD
0415 803 348
mfeld@teskacarson.com.au
LUKE BISSET
0400 344 211
lbisset@teskacarson.com.au
*Approx
(1) Gap Maps
(2) RealEstate.com.au