One of Tarneit’s Finest Infill Development Sites Transacts


One of Tarneit’s Finest Infill Development Sites Transacts

Sold - 635 Derrimut Road Tarneit, VIC

Location

The property presents as one of Tarneit’s finest infill development opportunities, benefitting from a highly strategic position just 300 m* from the new Tarneit Station and is directly adjacent to the Future Tarneit Town Centre. Additionally, the site is surrounded by a wealth of high-quality retail and lifestyle amenity, including the Tarneit Shopping Centre, and a broad range of premium education facilities.

Sale Summary 

The sale represented another strong infill development site result in Melbourne’s booming western suburbs, as developers continue to capitalise on the ever growing demand for housing. The exclusive Knight Frank agents ran a highly competitive EOI process that garnered strong interest from multiple parties, with 13 groups submitting offers, eventually negotiating an outstanding result that set a new price record for the area, further solidifying the growing demand for quality PSP approved sites. The sale was underpinned
by the fact that approximately 50% of the site is contained within the Derrimut Road Urban Design Framework, opening the door for higher density development outcomes (STCA). If you hold further interest in this sale, then please contact the sales agents below for a confidential discussion.


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