large residential landholding; capitalise on melbourne’s growth

large residential landholding; capitalise on melbourne’s growth

August 2018
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Large Residential Landholding; Capitalise on Melbourne’s Growth

A large residential plot of land, just 18km from the Melbourne CBD, has recently been made available to the public under instruction from the Department of Treasury and Finance.

This significant two-hectare greenfield offers a rare and exceptional development opportunity with strategic placement to capitalise on Melbourne’s continuing population growth.

The property boasts a massive 310-metre street frontage and with quick access to Melbourne Airport and the Western Ring Road, there are multiple development outcomes awaiting astute developers and investors.

Dominic Gibson of Melbourne Acquisitions has been appointed to sell the site at 32A Green Gully Road in Keilor, VIC, via Public Auction at 1:00pm Wednesday 26 September 2018.

Strategic location for future growth

Situated 18km north-west of Melbourne’s CBD, this large greenfield opportunity offers developers and investors the chance to invest in the future. Melbourne’s population is set to grow by 300,000 people by 2021 and by over three million by the year 2050.

With this, the state government has turned its attention to the north-west, designating the Sunshine region as a National Employment and Innovation Clusters (NEIC). The ‘Sunshine Cluster’ is one of seven NEICs to come under Plan Melbourne and is set to become a major jobs centre in Melbourne’s west; providing teaching, healthcare services, medical research, education, transport, business and retail services.

Keilor, situated within the Sunshine NEIC, will benefit from over $2.3 billion in infrastructure investment planned to accommodate significant growth in the number of businesses and jobs (13,800 new jobs by 2036) as well as better transport, improved open spaces, and upgraded services and facilities.

Dominic Gibson of Melbourne Acquisitions notes, “this large residential opportunity offers great appeal to developers and investors on many levels. The release of land comes direct from the Department of Treasury and Finance, and is a strategic move to aid Melbourne’s population growth expectations.

“With easy access to Brimbank Park, Schools & Shops, future residents will benefit from the work of creative and diligent developers. While astute investors may see opportunity in the site as a land-bank for future profits. The possible uses are broad and the potential rewards are yet to be fully realised.”

Green Gully Road, Keilor, Summary

  • Land Area: 20,090sqm with 310m of street frontage
  • Large infill residential land holding overlooking park
  • Easy access to Brimbank Park, Schools & Shops
  • 18km to Melbourne CBD, 9km to Melbourne Airport, 4km to Western Ring Road
  • For Sale via Public Auction under instructions from the Department of Treasury and Finance – to be held on-site Wednesday 26 September, 2018 at 1:00pm

*Please note that all financials, measurements or distances quoted above are approximate only.

For further information please contact the Melbourne Acquisitions team and mention Development Ready in your interactions.

Melbourne Acquisitions
Dominic Gibson - 0409 366 941

To view more details on the listing click here.