Goldbank Real Estate is proud to present this approved subdivision opportunity at 84–88 Wattletree Road, Bunyip, offering a rare opportunity to secure a high-quality landholding combining immediate cash flow with a clear, approved pathway for value creation.
Positioned on approximately 5 acres within the Low Density Residential Zone – Schedule 2 (LDRZ2) under Cardinia Shire Council, the property delivers a balanced investment profile suited to developers, land bankers, and strategic investors.
Currently returning approximately $4,100 per month, the asset provides strong holding income, allowing flexibility in timing and execution.
The approved 4-lot subdivision significantly enhances the site's appeal, comprising:
- Two (2) x 1-acre allotments
- One (1) x 4,105 sqm allotment
- One (1) x 1.7-acre (approx. 6,757 sqm) allotment with existing residence
This approval unlocks multiple exit strategies develop and sell, stage the project, retain and release land, or land bank with income while capital values strengthen.
A well-maintained five-bedroom residence anchors the property, supporting ongoing rental demand or interim use during development.
Located moments from Bunyip township, key amenities, and V/Line services providing direct access to Melbourne CBD, the property benefits from strong underlying demand for lifestyle allotments within a growing corridor.
Opportunities offering approved subdivision, holding income, and scalable upside are increasingly limited making this a strategic acquisition with both immediate and long-term appeal.
Contact Mohabbat Gill on 0478 003 395 or Varun Arora on 0452 545 592 for further discussion.
Note: Due Diligence Checklist: http://www.consumer.vic.gov.au/duediligencechecklist
Disclaimer: Photos, measurements, and floor plans are provided for general reference only. While every effort has been made to ensure accuracy, variations may exist, and interested parties should rely on their own inspections, surveys, and legal advice. All dimensions are approximate, information is provided for general guidance only, and does not represent a vendor or agent's offer.
