Phone enquiries - please call 1300 594 794 and quote property ID 41202.
A rare opportunity to secure approximately one acre of development land in Merrigum, with an existing permit for a four-lot residential subdivision.
Positioned on a prominent approach into Merrigum, this substantial 4,047m² (approx. 1 acre) allotment presents an outstanding opportunity for developers, builders and investors looking to capitalise on the township's future growth.
With a current permit for subdivision into four allotments of approximately 1,010m² each, much of the initial planning groundwork has already been completed.
Each completed allotment could have a market value of approximately $240,000, representing a potential combined gross lot value of $960,000 following subdivision.
With an asking price of $400,000, the property presents an opportunity for purchasers to investigate the potential development margin, subject to subdivision costs, permit conditions and market conditions.
PROPERTY HIGHLIGHTS
Asking Price: $400,000
Approx. 4,047m² (1 acre) allotment
Current permit for four-lot subdivision
Four proposed allotments of approximately 1,010m² each
Estimated completed lot value: $240,000 per allotment
Potential combined gross lot value of approximately $960,000 (owner estimate)
Township Zone (TZ)
Prominent Waverley Avenue frontage
All services available, including natural gas and sewerage
Sewerage infrastructure runs along the rear boundary
Adjoins a proposed new 65-lot residential estate
New shops and a supermarket proposed for the township
Suitable for developers, builders and investors
The property directly adjoins a proposed 65-lot residential estate, highlighting the development activity planned for this part of Merrigum.
Further enhancing the area's appeal, new shops and a supermarket are expected to commence construction, potentially providing additional convenience and amenity for future residents.
These developments could strengthen the township's attractiveness to buyers seeking generous residential allotments in an established regional community.
Unlike undeveloped rural land requiring extensive investigation, this property already benefits from a current four-lot subdivision permit and access to essential services.
Natural gas and sewerage are available, with sewerage infrastructure running along the rear boundary.
The proposed allotments of approximately 1,010m² each offer generous space for buyers seeking larger residential blocks.
The property's size, configuration and prominent road frontage also provide an attractive opportunity for builders or developers looking to deliver a small residential subdivision.
Merrigum is an established Goulburn Valley township offering a primary school, sporting facilities and community amenities, with convenient access to Kyabram and Shepparton.
V/Line bus services operate along Waverley Avenue, providing additional regional connectivity.
With surrounding residential development proposed and additional retail facilities planned, the township offers an appealing setting for future residential growth.
Whether you're an experienced developer, local builder or investor seeking a smaller-scale subdivision opportunity, this property deserves serious consideration.
Enquire today for further information regarding the subdivision permit, proposed lot layout and available services.
DISCLAIMER While proudly assisting home owners to sell since 1999, No Agent Property takes every care to verify the accuracy of the details in this advertisement, but the correctness cannot be guaranteed.
