This exceptional development site is centrally located in Monbulk's main retail strip along Main Road. Situated directly opposite Monbulk Primary School / Monbulk Recreation Reserve and within walking distance to restaurants and retail establishments, this property offers a remarkable opportunity for your next development project, just 40km from Melbourne's CBD.
Streamline your development process with the inclusion of plans and permits for a three-story structure. The property boasts two (2) retail shops facing Main Road, ensuring excellent visibility and exposure. Additionally, the upper-level features Five (5) 2-bedroom apartments, while at the rear, you'll find Seven (7) 3-bedroom residential townhouses with convenient ROW access to Moxhams Road. The strategic location within a serene and peaceful area guarantees a high demand for such a development.
This property is attractively priced to sell and offers immense potential for developers, owner-occupiers, and investors alike. Don't let this fantastic opportunity slip away. Act quickly to secure this prime investment before it's too late.
The size of Monbulk is approximately 20.3 square kilometres. It has 12 parks covering nearly 6.2% of total area. The population of Monbulk in 2016 was 3577 people. By 2021 the population was 3651 showing a population growth of 2.1% in the area during that time. The predominant age group in Monbulk is 40-49 years. Households in Monbulk are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Monbulk work in a trades occupation.In 2021, 82.20% of the homes in Monbulk were owner-occupied compared with 79.40% in 2016.
Monbulk has 1,652 properties. Over the last 5 years, Houses in Monbulk have seen a 18.47% increase in median value, while Units have seen a 30.09% increase. As at 28 February 2026:
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