POINT OF INTEREST:
Expression Of Interest Closing Thursday 11th May 2022 at 2pm.
If your business ambitions are looking for an industrial opportunity that matches the vision, then this significant lot in Melbourne’s south-east is ideal. The land area on offer is 73,300 sqm* with two existing single level homes included in the package. Currently classified as urban growth zoning, however, as part of the Officer South PSP it has been proposed to be updated to industrial land zoning to accommodate the projected boom in residential, commercial, and manufacturing activity. The potential for development on this site is infinite; but we forecast a lucrative and thriving industrial lot subdivision here where early investment will pay off in spades. Finding a lot of this size is unusual enough, but to be situated 55 minutes from the CBD on the M1 makes it a well-connected rarity. Follow Cardinia Road for the Area Shopping Centre in Pakenham; a bustling community with a popular railway station that takes you straight into the centre of Melbourne.
- 73,300 sqm* land area.
- Urban Growth zoning.
- Future rezoning for Industrial Land Uses.
- 254m* Frontage
- Two existing single level homes on the land.
- Officer South posted a 21.5% growth in median prices over a three-year period.
- 6.7 km* from Pakenham railway station.
- 5.2 km* from Area Shopping Centre.
- 51 km* from Melbourne CBD.
POINT OF VIEW:
We’ve already seen the demand from residential developments making their mark on Officer South. With a 21.5% increase in median prices over the past three years, there’s an insatiable appetite for land here where opportunities are only bound by audacity.
*Approx.
Pricing excludes GST