Welcome to 7-15 McVean Street, Cressy an exciting opportunity to secure approximately 5,000m² (1.25 acres) of land with an existing planning permit for a 5-lot subdivision.
Offering flexibility for developers, investors and lifestyle buyers alike, this substantial parcel presents the choice to explore its approved subdivision potential or create a spacious country lifestyle property, subject to relevant approvals.
For the lifestyle buyer, imagine building your dream family home with room for a substantial shed, landscaped gardens, outdoor entertaining and plenty of open space for the family to enjoy.
For the developer or investor, significant planning groundwork has already been undertaken. Colac Otway Shire Planning Permit PP93/2023-1 provides for the subdivision of the land into five lots, together with the removal of native vegetation and associated works, in accordance with the permit and endorsed plans.
Adding further certainty to the existing approval, Council has formally extended the permit, with the plan of subdivision required to be certified by 16 April 2028.
PROPERTY HIGHLIGHTS
Approximately 5,000m² / 1.25 acres
Existing planning permit for a 5-lot subdivision
Planning permit formally extended
Plan of subdivision required to be certified by 16 April 2028
Opportunity to pursue the permitted subdivision or create a substantial lifestyle property, subject to relevant approvals
Peaceful country setting with generous open space
Room for a substantial home, shedding, gardens and outdoor entertaining, subject to relevant approvals
Planning permit and associated documentation available upon request
REGIONAL INFRASTRUCTURE & RENEWABLE ENERGY
The property is also positioned within the broader Western Victorian region where significant renewable energy infrastructure is proposed.
Approximately 7075 km by road from the Cressy area, the proposed Geelong Renewables Terminal at GeelongPort is intended to support Victoria's emerging offshore wind industry through the handling, storage and assembly of renewable energy infrastructure.
The project remains proposed and is subject to relevant approvals, development processes, timing and potential changes. Purchasers interested in the project or other renewable energy developments within the broader region should undertake their own enquiries with the relevant authorities and project proponents.
COUNTRY LIFESTYLE WITH REGIONAL CONNECTIONS
Enjoy the relaxed atmosphere and open space that Cressy offers while remaining connected to major regional centres including Colac, Ballarat and Geelong.
Whether you're searching for your next development project, a long-term landholding or simply a substantial piece of land on which to create your country dream, 7-15 McVean Street, Cressy deserves your attention.
The vendor is keen to sell contact Flourish Real Estate today for further information, to discuss the opportunity or to obtain a copy of the available planning documentation.
DISCLAIMER
All information contained in this advertisement, including land area, dimensions, planning permit details, subdivision potential, services, distances, proposed infrastructure and other property information, has been obtained from sources believed to be reliable, including the vendor and third parties. Flourish Real Estate and its representatives have not independently verified all information and do not warrant its accuracy or completeness.
Any distances stated are approximate only. Any reference to the proposed Geelong Renewables Terminal, renewable energy projects or other future infrastructure is provided for general information only. Such projects remain subject to approvals and may be amended, relocated, delayed or may not proceed. No representation or warranty is made regarding their final scope, location, timing or completion, or any financial, development or other benefit or impact they may have on the property.
Prospective purchasers must make their own enquiries and undertake their own due diligence before purchasing, including confirming all planning, subdivision, zoning, overlay, servicing, infrastructure and development matters with the relevant authorities and obtaining independent legal, planning, surveying and other professional advice.
Any subdivision, building or development of the property is subject to the existing planning permit and endorsed plans where applicable, together with all relevant authority requirements and any further permits, consents or approvals that may be required.
