1245 Mickleham Road Greenvale VIC 3059

A prime piece of highly sought-after real estate has entered the market for the first time in over forty years! This expansive 110-acre property is surrounded by approved properties under the Precinct Structure Plan (PSP) and boasts a vast, perfectly flat landscape without any additional overlays.
The extension of Mickleham Road highlights the rapid population growth in Melbourne's northern suburbs. Originally targeted for development by major industry players, the owners have now decided to sell, offering attractive terms for settlement and deposit.
With the potential to accommodate over 700 residential lots (subject to council approval), ranging from 400 to 700 square meters each, this property has undergone comprehensive evaluations for inclusion within the Urban Growth Boundary (UGB) and has been a key focus of strategic expansion efforts. However, its progress was stalled pending the completion of the Craigieburn West PSP, and due to possibly sufficient land availability, it was not pursued further for PSP ratification. Surrounded by significant developments from renowned developers like PEET, Potter George, HB Land, JinDing, and Satterley Group.
Following the recent finalization of the Craigieburn West PSP in August 2022, along with a noticeable shortage of housing, this property presents an appealing opportunity at its current offering price. The site is considered one of the premier landholding and development opportunities in the northern suburbs.
Key Features:
Total Area of 44.59 hectares (Approx.)
Potential to yield 700 residential lots (subject to council approval)
No overlays and completely flat terrain
Corner Allotment with access from Dunhelen Lane
Positioned among other major developers
Approximately 280 meters of Mickleham Road frontage
Located in one of Melbourne's fastest-growing suburbs
Less than 30 kilometres from Melbourne CBD, only 10 minutes from Melbourne Airport, and other major employment centres
Median house price of $850,000 in Greenvale
Close proximity to essential infrastructure such as schools, community centres, and shopping facilities
Neighbouring the Council's GWZ holding block on 1275 Mickleham Road
Terms:
Consideration of medium to long-term settlement
Flexible deposit arrangements
Open to conditional and unconditional offers