Ex-Melbourne school set for redevelopment

Entry level Wembley Hill townhouses are asking $1.498 million.

Golden Age Group has been permitted to redevelop Box Hill South’s former St Leo’s College, with a medium density residential complex.

It has kicked off marketing too – branding the 143-townhouse project Wembley Hill, with asking prices from $1.498 million.

Wembley Hill will contain 143 townhouses.

Units will contain between three and four bedrooms, three bathrooms and a double garage.

Block sizes in the first release circle 250-280 square metres.

A 1.3ha portion of the site Public Use will be repurposed as a park.

One school down

Golden Age picked up the five hectare property making way for Wembley Hill – 15-31 Hay St – for $61m in 2020.

It was offered by Cor Cordis, receivers acting for failed school Canaan, which occupied it as the Hays International College (story continues below).

A townhouse project, Floret, replacing Glen Waverley’s ex-Cheshire School.

In 2015, Canaan also sought to replace the property – though its proposal was much more ambitious with seven storey buildings and an aged care complex.

The Wembley Hill launch comes a year since Golden Age won approval via the Victorian Civil and Administrative Tribunal to replace Glen Waverley’s former Cheshire School, on 1.4ha, with 77 dwellings – a project called Floret.

Mr Xu paid $23m for that property in April, 2020.

Last July, meanwhile, the developer outlaid $100m for Brighton’s ex-Xavier College Kostka Hall campus.

On 3.3ha, that property, including the c1887 mansion Maritima, is also earmarked for medium density housing.

Box Hill South, covered by the Whitehorse City Council, is 14 kilometres east of Melbourne’s CBD.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.