5.87 Acres in Melton West PSP with immediate Rental Return
Located within the Urban Growth Zone and encompassed by the Melton West Precinct Structure Plan (PSP), this is a rare opportunity to acquire a small size parcel in one of Melbourne's most rapidly expanding residential markets. Spanning approximately 5.87 Acres of prime, developable land in Brookfield, this site offers the potential for 40-45 residential lots (STCA). Whether you're seeking a small or medium scale development project or a strategic land banking opportunity, this property offers excellent potential for strong capital growth and long-term returns.
Additionally, the property includes a strongly built 5-bedroom house and large sheds offering ample storage. It is currently generating solid rental income, which financially supports the land banking opportunity.
Just 45 minutes from Melbourne's CBD, the land is ideally positioned adjacent to the established Botanica Springs estate and is surrounded by essential infrastructure, services, and a growing community-making it a highly attractive proposition for future residential development.
Key Highlights :-
• Approx. 5.87 Acres of prime development land with 5 Bedroom House
• Less than 1 Kilometre to future direct access from the Western Freeway
• Woodgrove Shopping Centre 5 Minutes Approx.
• Melbourne CBD :- 45 Minutes Approx
• Melbourne Airport :- 40 Minutes Approx
• Upcoming Melton Hospital 10-12 Minutes Approx
Contact Agent
Harry Sandhu: 0449 975 013 (harry@landnation.au)
Gurjant Wraich: 0474940055 (gurjant@landnation.au)
Land Nation
1800 00 LAND
www.landnation.com.au
Level 5, 143-145 Clarendon Street, SOUTHBANK VIC 3006
DISCLAIMER: All stated dimensions are approximate only and all photos are for illustration purposes only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.
Interested parties should conduct their own due diligence prior to any offer
Due Diligence Checklist - http://www.consumer.vic.gov.au/duediligencechecklist
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