Cushman & Wakefield Development Sites is pleased to present 29-47 Memorial Drive, Plenty, one of the last remaining large-scale infill development opportunities within Melbourne's highly coveted northern residential corridor. The property comprises a substantial 37,104sqm* landholding within an established residential catchment and presents a rare opportunity for residential, retirement living, and aged care development outcomes (STPA).

Positioned on an elevated site with expansive outlooks and immediate proximity to Plenty Gorge Parklands, the offering benefits from exceptional natural amenity, proven residential demand and significant surrounding infrastructure investment. Its scale, scarcity and broad market appeal position the property to attract strong interest from a diverse range of developer groups.

Key investment highlights include:

- Significant 37,104sqm* landholding offering increasingly rare scale within an established residential environment.

- Zoned Neighbourhood Residential Zone (NRZ1) with Design and Development Overlay (DDO3)

- Elevated position providing panoramic outlooks and enhanced end-product appeal.

- Immediate proximity to Plenty Gorge Parklands, delivering an exceptional lifestyle interface.

- Strong surrounding residential precedent, underpinned by a median house price of $1.72 million* (Source: REA).

- Suitable for residential, retirement living and aged care outcomes (STPA).

- Benefiting from major infrastructure investment, including the North East Link Tunnel and Greensborough Bypass upgrades.

29-47 Memorial Drive, Plenty is offered for sale via Expressions of Interest, closing Thursday, 27 August 2026 at 2:00pm (AEST).

For further information, please contact:

Joe Kairouz | +61 421 430 638

Cameron Zamora | +61 482 888 886

Hamish Burgess | +61 421 641 497

*Approximate

STPA: Subject to Planning Approval