Melbourne’s growing northern outer-ring has just presented its best PSP approved site for sale. RPM Real Estate Group, in conjunction with Biggin & Scott Land, are proud to be presenting 975 Donnybrook Road, Donnybrook, to the market.
This is a LARGE land development opportunity; one we’re sure is going to pique the interest of many experienced developers and investors.
Sprawling across 89.51 hectares of prime developable land, the site is located within the Donnybrook-Woodstock Precinct Structure Plan (PSP). The approved PSP details how the region is expected to be developed, providing a guide to achieve the Local and State Governments’ regional growth vision.
“This large-scale Donnybrook site benefits from its location within the already approved PSP. With this, there’s potential to deliver in excess of 1,400 residential lots, subject to the appropriate planning approvals.” Lead sales agent Christian Ranieri of RPM has said.
The northern district area of Melbourne’s outer ring is experiencing a period of remarkable growth. 975 Donnybrook Road shares boundaries and postcodes with other development by some of Australia’s largest developers including Mirvac, Stockland, Satterley & Dennis Family.
“Now is the time to be thinking about Melbourne’s north. There’s still significant opportunity for large-scale residential and commercial developments – but this is soon going to change.” Biggin & Scott Land conjunctional agent Andrew Egan commented.
“The Melbourne CBD is only 30km south and, with the Hume Freeway in close proximity, can be reached in around 40 minutes by car. Donnybrook train station is also close by providing easy commute in and out. The situation is prime for a residential project; it all just comes down to which lucky (and experienced) developer is going to deliver it!”
*Please note that all financials, measurements and distances quoted are approximate only.
Selling agents will be receiving Expressions of Interest until 4pm Thursday 19 September 2019.
To organise an inspection or to receive further information regarding 975 Donnybrook Road, Donnybrook, interested parties are encouraged to contact one of below Exclusive Sales Agents and mention Development Ready.
RPM Real Estate Group
Christian Ranieri: +61 416 445 078
Biggin and Scott Land
Andrew Egan: +61 433 989 767