Dixon Commercial Real Estate are pleased to offer for sale 791 Centaur Road, Hamilton Valley via an Expressions of Interest campaign closing 12 noon, Thursday 28 September, 2023.
Comprising a total site area of approximately 41,000 square metres and positioned adjacent to the Lavington Sports Stadium Precinct, this serviced development site provides outstanding development scope (STCA). The property fronts Centaur Road, Hanna Street and Pearsall Street, providing approximately 500 metres of frontage, and is located approximately 2.5 kilometres from Lavington Square Shopping Centre.
The property is zoned General Residential (R1) under the Albury Local Environmental Plan 2010, which encourages providing for the housing needs of the community through a variety of housing types and densities. The zoning also enables other land uses that provide facilities or services to meet the day to day needs of residents. It also encourages medium density housing that is designed to achieve a high standard of amenity.
Property features include:
- Zoned R1 - General Residential.
- Total site area approximately 4.1 hectares.
- 300 square metre - minimum lot size (as per Albury Council).
- Significant development scope (STCA).
- Three street frontages totaling approximately 500 metres.
- Strong local and regional population growth.
Between 2021 and 2046, the population for Albury City is forecast to increase by 22,214 persons (39.64% growth), at an average annual change of 1.34% (id Consulting).
The development site presents a rare opportunity to acquire a major infill development site in Albury's expanding northern growth corridor.
Terms: 10% deposit, balance 60 days.
For more information or to request a copy of the Information Memorandum, please contact the Sales Agents below.
