An outstanding opportunity to secure a substantial, development-ready landholding in one of Victoria's fastest-growing growth corridors. Situated on approximately 3.94 hectares (9.74 acres), 160 King Street, Wallan presents an exceptional investment with the key planning milestones already completed, allowing developers to fast-track delivery and minimise project risk.
With an approved Precinct Structure Plan (PSP) supporting a 64-lot residential subdivision, this is a rare opportunity to acquire a site that has already progressed through the most time-consuming stages of the development process.
Executive Summary
• Land Area: Approximately 3.94 hectares (9.74 acres)
• Approved Yield: 64 residential lots
• Planning: Approved Precinct Structure Plan (PSP)
• Cultural Heritage: CHMP (Cultural Heritage Management Plan) Approved
• Infrastructure: Sewer and stormwater engineering plans currently progressing towards approval
• Legal: Section 173 Agreement executed
• Key Investment Highlights
• Development Ready
Significant planning and compliance work has already been completed, substantially reducing approval timeframes and holding costs. The approved CHMP, executed Section 173 Agreement, and progressing infrastructure approvals position the project for a smooth transition into the delivery phase.
Strong Residential Yield
The approved 64-lot subdivision has been thoughtfully designed to meet the growing demand for quality residential land, appealing to first-home buyers, families, investors, and owner-occupiers.
Strategic Location:
Positioned on King Street, the site enjoys convenient access to the established township of Wallan, offering residents the ideal balance between a relaxed regional lifestyle and excellent metropolitan connectivity.
High-Growth Corridor:
Wallan continues to experience strong population growth and sustained buyer demand, supported by major infrastructure including the Hume Freeway and Wallan V/Line Station, providing direct access to Melbourne's CBD.
Lifestyle & Local Amenities
Future residents will benefit from easy access to an extensive range of established and growing amenities, including:
Education: Wallan Primary School, Wallan Secondary College and Our Lady of the Way Catholic Primary School.
Retail & Services: Wellington Square Shopping Centre, supermarkets, cafés, restaurants, medical centres and essential services.
Recreation: Wallan Adventure Playground, sporting reserves, walking trails and surrounding parklands.
Investment Opportunity
Development sites with this level of planning certainty are becoming increasingly difficult to secure. With the major approvals substantially progressed and a clear pathway towards development, this property offers an exceptional opportunity to capitalise on the continued growth of Melbourne's northern growth corridor.
For further information, including engineering plans, the executed Section 173 Agreement, or to arrange a private site inspection, please contact the exclusive listing agents.
