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172 & 174 Princes Highway, Pakenham VIC, 3810

Development Potential
DETAILS
A Rare Opportunity.
  • Favourable Residential Zoning
  • Dual access (front & rear)
  • Two Individual Titles

Introducing the best infill development site in the Pakenham area of 2021.

Welcome to your future residential project* in the heart of Pakenham. Located at 172 & 174 Princes Highway, these side-by-side properties make for a great development having both front and rear access. For sale by expression of interest closing Thursday 14th October 2021 at 4 pm.

Site Advantages:
- 3,814m2
- Residential Development Potential*
- Create 18-22 townhouse lots (based on neighbouring subdivisions).*
- Only a little over 1KM walk from Pakenham town & station.
- Pakenham house prices have grown to $583k, up 18.9% in the last 2 years.
- Direct access onto the Princes Highway to both Melbourne CBD & Warragul.
- Enhanced by the Officer/Pakenham growth areas.
- Flexible settlement terms up to 12 months.

Price: $2,600,000-$2,860,000
 
Information memorandum & contract of sale are available on request.

Please reach out for more information.

*all subject to council approval.

Remember to mention you found this property on DevelopmentReady.com.au

DEVELOPMENT SITE SUMMARY
EOI:
TITLE:
Closing Thursday 14th October 2021 at 4 pm
Property Area
AREA:
3814 m² (*approx)
Property Type
TYPE:
Residential, Townhouse Sites, Townhouse Sites
Development Potential
DEVELOPMENT APPROVAL:
Residential Development Opportunity (STCA)

Due Diligence Tool

172 & 174 Princes Highway, Pakenham VIC, 3810

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  • Site Summary
  • Development Pipeline
  • Recent Transactions (where available)
  • Surrounding Amenity
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