Raine & Horne Land Victoria is pleased to offer for sale a significant future residential development site of 39.9 hectares* (98.59 acres*) in the highly sought-after Macedon Ranges, located at 2131 Romsey Road, Romsey. This rare opportunity presents a large parcel of land positioned within a growth area identified in the Romsey Structure Plan for residential development.
Currently zoned Rural Living Zone, the site will be rezoned to a Neighbourhood Residential Zone (NRZ), offering substantial development potential. With main road frontage on Romsey Road and direct proximity to Romsey Town Centre, this property is ideally situated for future residential development and represents an exceptional investment and development opportunity.
**Property Features:**
• Land Area: 39.9 hectares* (98.59 acres*)
• Currently zoned Rural Living Zone, this site will be rezoned to Neighbourhood Residential Zone (NRZ) under the Romsey Structure Plan
• Concept plan available from Spiire with an indicative yield of 322 allotments, averaging 851m² (STCA)
• Site backs onto Five Mile Creek and is close to Romsey's open space amenities, including Romsey Golf Course and Romsey Recreation Reserve
• Main road frontage on Romsey Road with excellent accessibility
• Close proximity to Romsey Primary School and Romsey Town Centre
• Renowned Macedon Ranges location, within 1 hour of Melbourne CBD and 35 minutes from Melbourne Airport
• Exposure to strong market conditions, where median lot prices in Romsey are approximately $375,000-$380,000 for an 800m² allotment
• Large lots averaging 851m², offering a point of difference compared to surrounding metropolitan markets with opportunity to increase density over time
Enquiries:
For more information, inspections, and access to the Electronic Data Room, please contact:
Kevin Paghdar | +61 426 510 510 | kevin.p@landvictoria.rh.com.au
Rajwinder Singh | +61 433 499 044 | r.singh@landvictoria.rh.com.au
Rizul Sharma | +61 424 366 555 | rizul.s@landvictoria.rh.com.au
Sagar Bhaliya | +61 426 992 493 | sagar.b@landvictoria.rh.com.au
Interested parties should conduct their due diligence prior to making any submissions. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.
Due Diligence Checklist -
http://www.consumer.vic.gov.au/duediligencechecklist
