Surrounded by full residential housing and approximately 6 acres in area (including road reserve), this excellent parcel of land presents a terrific opportunity for the astute developer.
Situated just over a kilometre to the Drouin CBD and an easy drive (approx. 3km) out to the golf course and freeway, this ideal development project is waiting for someone to bring it to fruition and reap the rewards.
Currently in two titles, the property is practically surrounded by services available from the existing housing developments.
In the past, the property has been approved for a 26-lot subdivision with all engineering and costings completed at the time.
The 5% open space contribution has already been donated to council in the form of parkland. While the road reserve, which is to link the currently one-way-in/one-way-out Rivendale Estate to Hearn Street, would be a huge benefit to residents once completed.
Planning works such as the cultural heritage assessment, arborist report and proposed 29-lot plan of subdivision have been completed. While updated engineering species and traffic management report are in the process, but yet to be completed.
With Drouin being one of the fastest growing town in the country* and being on the doorstep to Melbourne, housing is always going to be in demand.
Securing a block of land to develop, let alone to build on this close to the town-centre, is a rarity these days. Current developments are occurring on the town fringe as Drouin has mostly been infilled.
This is your last chance to secure one of Drouin's final inner parcels of land, ripe for development.
For further details and to express your interest contact Tom Williamson, 0400 925 226.
*Warragul Drouin Gazette newspaper article 9/4/2024
