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3 Ollerton Avenue & 84–96 Narracan Drive, Newborough
VicAcres and Melbourne Commercial Group are proud to present this rare dual-site opportunity in the heart of Newborough, adjacent to Moe – one of Gippsland's most actively developing precincts. Available individually or as a combined holding, these sites offer significant development scale, strategic zoning, and flexibility across multiple asset classes.
Key Highlights
3 Ollerton Avenue, Newborough
Land Area: 40,700 SQM*
Zoning: Mixed Use Zone (MUZ)
Existing Improvements:
Main Hospital Building – Approx. 13,651 SQM*
Former Nurse Quarters – Approx. 3,118 SQM* (currently leased to multiple tenants, providing holding income)
Suitable for redevelopment into aged care, education, medical, residential, or commercial projects (STCA)
Substantial infrastructure in place, supporting adaptive reuse or staged development strategies
84–96 Narracan Drive, Newborough
Land Area: 22,680 SQM*
Zoning: Neighbourhood Residential Zone – Schedule 4 (NRZ4)
Vacant residential infill site ideal for subdivision or integration into a broader masterplan (STCA)
Strategic Location & Growth Potential
Approx. 130 km from Melbourne CBD, with direct access via the Princes Freeway (M1)
Surrounding Investment Activity:
Over $35 million in projects at Moe Business Park, including premium industrial warehouse units
Multi-million dollar upgrade underway at Moe Plaza, revitalising retail in the region
Public & Government Infrastructure Projects:
$7.5 million Moe Revitalisation Project including upgrades to the rail precinct and public amenities
$2.5 million New Volunteer CFA Station in Newborough improving emergency response infrastructure
Planned road upgrades via PAO2 overlay to support regional connectivity and growth
Strong Residential Momentum with nearby estates such as Monash Views and Narracan Lakes
Proximity to Amenities: Lake Narracan, Old Gippstown, Lowanna College, and Moe train station
Available via Expression of Interest Closing 23/7/2025 at 3PM (Unless Sold Prior)
For further information, please contact the exclusive selling agents:
Rory De Polo
0432 144 224
Tim Kraskov
0490 912 293
Milton Tsaktsiras
0411 516 466
Remember to mention you found this property on DevelopmentReady
3 Ollerton Avenue & 84–96 Narracan Drive, Newborough
VicAcres and Melbourne Commercial Group are proud to present this rare dual-site opportunity in the heart of Newborough, adjacent to Moe – one of Gippsland's most actively developing precincts. Available individually or as a combined holding, these sites offer significant development scale, strategic zoning, and flexibility across multiple asset classes.
Key Highlights
3 Ollerton Avenue, Newborough
Land Area: 40,700 SQM*
Zoning: Mixed Use Zone (MUZ)
Existing Improvements:
Main Hospital Building – Approx. 13,651 SQM*
Former Nurse Quarters – Approx. 3,118 SQM* (currently leased to multiple tenants, providing holding income)
Suitable for redevelopment into aged care, education, medical, residential, or commercial projects (STCA)
Substantial infrastructure in place, supporting adaptive reuse or staged development strategies
84–96 Narracan Drive, Newborough
Land Area: 22,680 SQM*
Zoning: Neighbourhood Residential Zone – Schedule 4 (NRZ4)
Vacant residential infill site ideal for subdivision or integration into a broader masterplan (STCA)
Strategic Location & Growth Potential
Approx. 130 km from Melbourne CBD, with direct access via the Princes Freeway (M1)
Surrounding Investment Activity:
Over $35 million in projects at Moe Business Park, including premium industrial warehouse units
Multi-million dollar upgrade underway at Moe Plaza, revitalising retail in the region
Public & Government Infrastructure Projects:
$7.5 million Moe Revitalisation Project including upgrades to the rail precinct and public amenities
$2.5 million New Volunteer CFA Station in Newborough improving emergency response infrastructure
Planned road upgrades via PAO2 overlay to support regional connectivity and growth
Strong Residential Momentum with nearby estates such as Monash Views and Narracan Lakes
Proximity to Amenities: Lake Narracan, Old Gippstown, Lowanna College, and Moe train station
Available via Expression of Interest Closing 23/7/2025 at 3PM (Unless Sold Prior)
For further information, please contact the exclusive selling agents:
Rory De Polo
0432 144 224
Tim Kraskov
0490 912 293
Milton Tsaktsiras
0411 516 466
Remember to mention you found this property on DevelopmentReady
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