Located at 20 Lower Heidelberg Road, the campaign, which was run by Julian Heatherich and Benson Zhou of Savills Australia, generated 5 offers with the property transacting at the close of an Expressions of Interest process.

“With the tightly held nature of Ivanhoe and the strength of the residential market, developers moved aggressively to add this site to their pipelines, with limited sites being offered in the inner northeast” Mr Heatherich said.
Whilst interest was shown from owner occupiers given the quality of the current dwelling and child care groups, it was a residential developer who was willing to pay top dollar.