PRIME 2.46 ACRE RESIDENTIAL SITE – DOREEN

Posted by Development Ready on Dec 07, 2018

224 Cookes Road, Doreen, Victoria, 3754
This greatly prized land holding of 2.46 Acres has been recognised as a prime residential project opportunity (STCA). Zoned residential and suitable for land subdivision (STCA), this well positioned property is only 26kms from Melbourne’s CBD.

Mason White McDougall’s, Ian Mason, who is exclusively marketing this sale believes this is a sensational investment opportunity to deliver a significant residential development project.

Doreen is extremely green and surrounded by the foothills of the Yarra Ranges. It has expanded noticeably over the last decade and boasts close proximity to retail options in adjoining Mernda and Laurimar plus nearby Westfield Plenty Valley and Pacific Epping Shopping Centre. A new premium Train Station adjoining the new town centre (with a new Coles) in adjoining Mernda is just 3km away and additionally is serviced by extensive education facilities, with Ivanhoe Grammar (Plenty Campus) situated just 1km away.

Currently, containing a spacious and comfortable brick home this property is ideal to live in or for generating a rental income for whatever timing suits your development schedule.

With its extensive 62metre frontage, this site is perfectly located in an expanding home-buyer’s market, where the current median price is $610,000 (Core Logic). Its flexible General Residential Zone 1, also enhances the opportunity for a range of development outcomes (STCA).

" This is a great opportunity to secure a sizable site in one of Melbourne’s major growth corridors, especially when you consider the nearby town centre and train station and the current lifestyle and retail amenities. Accordingly, we encourage prospective buyers to actively consider this exceptional opportunity.
- Ian Mason
, Mason White McDougall.
 

Summary:

  • Valuable landholding of 2.46 Acres
  • Flexible General Residential Zone 1
  • 26kms from Melbourne CBD – high growth location
  • 62 metre frontage
  • Close proximity to retail, train station, educational and many other lifestyle options
  • Proven buyer demand for nearby residential developments
  • Opportunity to deliver a significant resident project

Please note that all financials, measurements and distances quoted are approximate only.

For further information, please contact Mason White McDougall:
 
Ian Mason: 0418 597 176