Property ID: 17887515
The site represents an excellent development opportunity and land banking opportunity.
The property is well-placed to provide its future owner with a variety of opportunities to develop this substantial site.
Potential yield circa 190 plus residential allotments STCA
Suitable for residential land development
Property is located within Urban growth Zone
It is a short drive from Woodgrove Shopping Centre around 1.5kms.
Located in close proximity to all of Melton’s amenities
The Melton train station is only at (Approx) 4km
Direct access to the Melbourne CBD via the Western Freeway
Within close proximity to the proposed Toolern Town Centre and new residential Estates as Arnolds Creek’ & Atherstone’
It is located within 10 mins drive from Tabcorp Park’ which is Melbourne’s premier Harness Racing & Entertainment complex.
The precinct structure plan suggests these sites will suit residential lots (STPA) in the near future
It is 49kms (approx.) from Melbourne CBD and 38kms (approx.) to Melbourne Airport.
At a close proximity is Melton’s High Street shopping strip and within the radius are primary and secondary schools, parks, recreation facilities and local amenities
This site represents an unparalleled opportunity to secure a unique development site in one of Melbourne’s fastest growth corridors.
The vendors are considering reasonable offers with negotiable settlement terms
|R&H Suburb SummaryHouses|
|Number of sales||261|
|Median Rental Price||$290 p.w.|
|Change in Rental Rate (5yr)||16 %|
|R&H Suburb SummaryUnits|
|Number of sales||63|
|Median Rental Price||$260 p.w.|
|Change in Rental Rate (5yr)||8 %|