An exceptional development opportunity in the heart of Yarram, offering an approved 89-lot residential subdivision across approximately 10.9 hectares of developable land, with potential for up to 100 lots, subject to the necessary approvals.
Offered at $4.5 million, the property comprises 52 Campbell Street and 21 Hihos Lane, together presenting a substantial residential development opportunity. The site also includes an existing four-bedroom, approximately 40-square home positioned on a generous 2,600sqm allotment, with potential for a six-unit development, subject to approval.
The approved subdivision provides residential lots ranging from approximately 682sqm to 1,063sqm, creating the potential for a substantial new residential community within an established regional township.
Indicative block values are estimated at approximately $250,000–$275,000 for Stage 1, increasing to approximately $275,000–$325,000 across Stages 2 and 3. Indicative civil costs are approximately $7.5 million, with estimated gross block sale proceeds of approximately $27 million and an indicative net potential profit of approximately $14 million, subject to actual costs, sale prices, market conditions and all development requirements.
The opportunity to potentially increase the approved 89 lots to up to 100 lots may provide further development upside, with larger lots having potential for further subdivision, subject to the necessary approvals.
Located in Yarram, a key commercial and service hub within Gippsland, the property offers developers the opportunity to deliver a significant residential project in a picturesque regional setting, with access to the surrounding Gippsland countryside, Tarra Bulga National Park, Wilsons Promontory and Ninety Mile Beach.
A rare opportunity to secure an approved large-scale residential development site with substantial potential upside.
If you would like a copy of the Information Memorandum, please contact Robbie.
Disclaimer: All figures and development potential are indicative estimates only and subject to change. Prospective purchasers should undertake their own independent due diligence and obtain appropriate professional advice.
