Acclaimed Ascot Community Development Bolstered By Boutique Townhouse Project

Acclaimed Ascot Community Development Bolstered By Boutique Townhouse Project


December 2016
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Acclaimed Ascot Community Development Bolstered By Boutique Townhouse Project

One of Pakenham’s premier urban development communities is set for a significant boost with a boutique project of only fifteen townhouses hitting the market in what is undoubtedly one of the best opportunities in the latter half of 2016.

Situated on a generous allotment of some two thousand and four hundred square metres (2,461) of prime residential land, the site boasts endorsed Council approval under an S173 agreement.

Located on the former Pakenham racecourse, overlooking magnificent parklands and within immediate proximity to Pakenham Library, the Cardinia Club and local railway connections, 30 Armidale Drive presents as a shovel-ready project forming part of the highly popular Ascot precinct - itself noted for a number of sold-out developments directly adjacent to the subject property.

The broader precinct is framed by the waterways of Pakenham Creek and offers one of the highest quality examples of integrated urban design and landscape architecture.

 " A site offering like this one, in a location that’s spoilt with lifestyle options really is a notable asset. Add to this its current planning permit for 15 quality townhouses allows for the potential purchaser to jump straight into their next project commencing pre-sales immediately”. Daniel Sterenzon, 1 Village Project Marketing. 

Daniel added ”Development opportunities like this are extremely rate and we expect significant interest from both domestic and international developers & investment groups”. 

Summary:

- Highly valuable landholding of 2,461 sqm

- Permit Approved for 15 quality townhouses

- Multiple street frontages

- Flexible development options (STCA)

- 40 minute drive from Melbourne's CBD, close to prime retail, transportation, education options and beach

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

For further information, please visit https://www.developmentready.com.au/properties/30-armid... to discuss this exceptional opportunity with exclusive marketing agents 1 Village Property Marketing.

 

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