Expressions of interest called for.
Only a few of minutes for the centre of the fast growing township of Drouin, approximately 90kms from the CBD of Melbourne, stands this gently undulating land of over 155 acres (over 63ha's) now zoned general residential, ready for you to sub-divide, STCA. With the Precinct Structure Plan now in place and having been adopted, council is ready to work with developers with a view to designing a local community with potentially over 650 house blocks to go onto this site.
According to council, the population of Drouin is set to grow from about 11,000 to about 29,000 residents with about 7,400 new homes to be built over the coming 20 to 30 years. A large amount of commercial areas, public open space, schools and retail are planned and represent exciting times ahead for this dynamic town, which provides direct rail access to the heart of Melbourne, along with direct freeway access.
Offering the opportunity to develop approximately 12 blocks per hectare (STCA), this large parcel is further broken down into 9 individual titles, all of which can be bought as one or individually. Our vendors will look at terms or staged purchases of the separate blocks as required, within reason. With 2 main road frontages, you have the opportunity to develop in from both sides or slowly work your way through the sites.
Land sales in the area and across the state of Victoria have never been stronger and prices re rising fast. The Federal Government is encouraging more land releases at a faster rate to satisfy our fast growing population and the need for more housing. There is a shortage of affordable housing, so blocks in this area will have wide appeal to the family market as schools, shops, public open space and amenities are already here and at your door step.
There is a 4 bedroom home on one block, which is currently tenanted and an existing lease on the land for rural farming use. This will see you derive some income from the property whilst you prepare your plans of sub-division.
For more information or a copy of all relevant paperwork available, please call the listing agent Rod Capuano. Our vendors are very reasonable on price and have left ample opportunity for you to make a healthy profit.
