Landmark Approved Development – 1494–1496 North Road, Clayton

This landmark site presents a truly unique chance to secure one of Clayton’s most tightly held development opportunities. Situated directly opposite Monash University and only minutes from Monash Medical Centre, this substantial double allotment of approx. 1,576sqm is zoned Residential Growth Zone (RGZ3) and comes with endorsed plans and permits for a premium student accommodation development.
Perfectly positioned only moments from Monash University and the future Suburban Rail Loop (SRL) Clayton Station, this project is ready to capitalise on one of Melbourne’s strongest growth corridors.
Key Development Highlights:
• Endorsed Plans & Permits – ready for immediate transformation
• 5-Level Building + Basement designed by Alta Architecture
• 93 student accommodation rooms, thoughtfully planned for comfort and functionality
• Secure basement parking for 31 cars with car stackers, plus ample bicycle storage
• Communal lifestyle facilities including study zones, lounge areas, shared kitchens and landscaped outdoor terraces
• Prime location – across the road from Monash University Clayton Campus, close to Monash Medical Centre, Clayton Shopping Village and transport
• Within 500m of the future Suburban Rail Loop (SRL) Clayton Station, delivering unparalleled connectivity across Melbourne
• Future Upside: Potential 27m (7–8 storeys) building height allowance, subject to gazettal of the current Draft SRL East Structure Plan – Clayton (STCA)
With a strategic position in Melbourne’s premier education, health and research precinct, this site offers developers and investors a rare, shovel-ready project. The combination of RGZ3 zoning, approved plans for 93 rooms + 31 car parks, and direct proximity to Monash University ensures long-term rental demand and significant investment upside.

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Disclaimer: We have in preparing this document used our best endeavors to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist

Property ID: 1379728

Click here for the Consumer Affairs Victoria Due Diligence Checklist for Home Buyers