The prominent Ivanhoe Squash Courts – abutting an Ivanhoe train station car park – has sold to a local developer for $2 million.
The 686 square metre block at 103 Marshall Street, at the T-intersection of Maltravers Road, is zoned Public Use, so could be considered for, amongst other outcomes, a medical complex or childcare centre.
It was marketed in 2019 for its potential to be gazetted to allow for residential; a prescribed Design and Development Overlay could see it replaced with a three storey project.
In 2017, Beulah International replaced a red brick home and small block of flats at the north east corner of Noel and Norman streets – on the other side of the train line – with a five-level apartment complex, Hallmark.
That project, like any redevelopment of the squash court site, offers south west facing aspect capturing the city, nine kilometres away.
Ivanhoe Squash Courts
The vendor of 103 Marshall St held the site for over 30 years (story continues below).
GrayJohnson’s Matt Hoath said their private sale campaign – with limited marketing – generated significant interest from builders.
“It would be one of relatively few development sites available in Ivanhoe as it sits close to…the thriving local retail area where occupancies include all the major retailers and hospitality venues,” he added.
“Marshall St also joins the major arterial of Lower Heidelberg Road”.
Elsewhere in the city, Middle Park squash courts at the former Danish Club were demolished when the neighbouring historic property, Hughenden, was converted into a residence about 12 years ago.
An apartment complex replaced a squash centre at Chambers St, South Yarra, also more than a decade ago.
Another facility of this type, in Woodend, was razed by the local council for a park in 2018.