Ray White is pleased to present a premier land banking opportunity at 960 Somerton Road, Greenvale, offered for sale by Expressions of Interest.
Nestled within the sought-after Greenvale suburb, this expansive landholding spans a total of 87.82* hectares (217.00* acres) and is strategically positioned just 22* kilometers north of Melbourne's CBD, within the City of Hume. Surrounded by established residential areas and with services available at the boundary, this property offers significant development potential (STPA). With established infrastructure and homes nearby, 960 Somerton Road is primed for future growth and is an ideal extension of Greenvale's urban development.
Adjacent to land holdings by renowned developer Wolfdene, it lies centrally between the town centres of Greenvale and Craigieburn, ensuring easy access to a wealth of amenities including schools, shopping precincts, medical services, restaurants, and community centres. Additionally, key transport hubs such as Melbourne Airport, Essendon Fields, and major employment zones like the Somerton Employment Precinct and the upcoming Beveridge Intermodal Freight Terminal are all within close reach. Enjoy the natural beauty of Woodlands Historic Park just at your doorstep, while taking in breathtaking panoramic views of Melbourne's CBD from the property's highest vantage point.
In Melbourne's strategic green wedge zones, no other properties match the scale, immediate infrastructure access, and future development potential (STPA) of 960 Somerton Road, Greenvale.
Key Investment Highlights:
• Expansive area of 87.82* hectares (217.00* acres)
• Melbourne's most in-demand suburb
• Close proximity to essential services
• Approx. 550m* of Somerton Road frontage
• 22* km to Melbourne's CBD and 10* minutes from Melbourne Airport
• Central to Greenvale and Craigieburn town centres
• Easy access to Melbourne Airport and Essendon Fields
• Median house price of $875,000
• Mickleham Road upgrade to be completed by mid-2025, adding lanes and improving traffic flow for the 25,000 daily vehicles
• Surrounded by leading developers such as Stockland, Lendlease, Villawood, Satterley, Jinding, Resi Ventures, and Pask.
*Approximate
Expressions of Interest close on Friday, 21st March at 4PM (AEST).
For more details, please contact Garvit Mediratta on 0433 073 026.
