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Rural For Sale found in YARRA RANGES (METROPOLITAN), VIC

SIGNIFICANT LAND HOLDING

Development/Land (Display Yard, Retail, Service station/Fast food, Showrooms) | Rural

483 - 489 Maroondah Highway is predominately located approximately 500 metres east of the Lilydale Activity Centre and approx. 43.5 km east of Melbourne's CBD.
The property comprises two (2) parcels of land located on the northern side of Maroondah Highway. The main parcel of land (Lot 2) is approx. 2.64 hectares (24,600 sqm) featuring a 60 meter frontage to the highway. The smaller parcel of land (Lot 1) is approx. 5,222 sqm and also features a substantial highway frontage of 62.68 meters. The two sites combined offer a frontage to Maroondah Highway of approx. 122 meters.
Lot 1 is included within a Commercial 2 Zone and the majority of Lot 2 is included in a Green Wedge A 2 Zone. A small portion of land within Lot 2 (approx 800 sqm) located along the north-eastern boundary is also included in a Commercial 2 Zone.
The purpose of the Commercial 2 Zone is 'To encourage commercial areas for offices, appropriate manufacturing and industries, bulky goods retailing, other retail uses, and associated business and commercial services'.
This is a unique opportunity to secure a significant land holding in one of Melbourne's fastest growth corridors. This high profile Lilydale site/s offers great exposure to thousands of vehicles per day, zoning to accommodate a variety of uses including bulky good retailers, offices, showrooms, etc and an extensive frontage to Maroondah Highway to promote all future businesses located in any new development.

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Price: Contact Agent    Land: 5222m² - 26400m²

Suburb Summary -

Below you will find the average advertised Sale Price, Rent & Yield for this suburb.

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list on Commercial Property Guide.
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