The epitome of prestigious real estate has emerged onto the market for the first time in over four decades! This expansive 110-acre parcel is enveloped by PSP (Precinct Structure Plan) approved properties and showcases a vast, perfectly level terrain without any overlays.
The expansion of Mickleham Road underscores the burgeoning population growth in the northern suburbs of Melbourne. While previously earmarked for development by major players in the industry, the vendors have now elected to divest their interest, presenting enticing terms for settlement and deposit.
Capable of accommodating upwards of 700 residential lots (STCA) spanning 400 to 700 square meters each, this property has undergone thorough assessments for inclusion within the Urban Growth Boundary (UGB) and has been a focal point of strategic expansion initiatives. However, its progression was halted pending the completion of the Craigieburn West PSP and due to adequate land availability, it was not further pursued for PSP ratification. Surrounded by large developments from significant developers such as PEET, Potter George, HB Land, JinDing and Satterley Group.
With the recent finalisation of the Craigieburn West PSP in August 2022, coupled with a noticeable housing shortage, this property presents a compelling opportunity at its current offering price. The subject site is one of the best land-holding / development opportunities in the northern suburbs.
Total Area of 44.52Ha (Approx.)
Potential to yield 700 residential lots (STCA)
No overlays and fully flat terrain
Located amongst other major developers
Approx. 380m of Mickleham Road frontage
One of the fastest growing suburbs in Melbourne
Less than 25kms from Melbourne CBD, only 10 minutes from Melbourne Airport and other major employment centres.
Median house price of $850,000 in Greenvale
In the vicinity of all required infrastructure such as schools, community centres and shopping facilities.
Two blocks down from Council's GWZ holding block for future development on 1275 Mickleham Road.
Terms:
Medium - long term settlement considered
Flexible deposit terms
For inquiries or to obtain an information memorandum, please contact Garvit Mediratta at 0433 073 026.
