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Expression Of Interest
Lifestyle & Acreage Real Estate proudly presents an exceptional development opportunity comprising approximately 9 acres of land within the General Residential Zone – Schedule 3 (GRZ3), complemented by an existing three-bedroom, two-bathroom residence currently generating rental income.
The property is supported by two alternative indicative subdivision concepts, providing developers, builders, investors and strategic landholders with flexibility to investigate different development outcomes, subject to council approval and all relevant authority requirements.
TWO CONCEPTS. ONE OUTSTANDING OPPORTUNITY.
CONCEPT 1 – PREMIUM 11-LOT SUBDIVISION
The first indicative concept illustrates 11 generously proportioned allotments ranging from approximately 2,178m² to 2,615m², arranged around an internal road network with dual cul-de-sacs and proposed access from Laurina Drive.
This concept provides an opportunity to investigate a premium large-lot residential subdivision offering substantially more land than typically available within conventional residential estates.
CONCEPT 2 – HIGHER-YIELD 37-LOT SUBDIVISION
The alternative concept illustrates a 37-lot residential subdivision, featuring a diverse mix of allotment sizes arranged around an internal road network and dual cul-de-sacs.
This concept provides developers with an alternative pathway to investigate a higher-yield residential outcome and potentially maximise the development capacity of this substantial GRZ3 landholding, subject to all necessary approvals.
EXISTING HOME & RENTAL INCOME
The property also includes an existing three-bedroom, two-bathroom residence currently generating rental income, providing the added benefit of holding income while future planning, feasibility and approval processes are explored.
KEY HIGHLIGHTS
Approximately 9 acres
General Residential Zone – Schedule 3 (GRZ3)
Two alternative indicative development concepts
11-lot premium large-allotment concept
Lot sizes approximately 2,178m²–2,615m² under Concept 1
Alternative 37-lot higher-yield concept
Existing 3-bedroom, 2-bathroom residence
Current rental income
Proposed internal roads and dual cul-de-sacs
Excellent opportunity for developers, builders, investors and land bankers
INVESTIGATE. DESIGN. DEVELOP.
With approximately 9 acres of GRZ3 land, two contrasting indicative subdivision concepts and an existing income-producing residence, this property presents an exciting opportunity to investigate a range of future development strategies.
Contact Lifestyle & Acreage Real Estate today for further information.
Disclaimer: All subdivision concepts, lot numbers, dimensions and areas are indicative and for illustration purposes only. Any subdivision, development, road construction, access or proposed use is subject to council approval (STCA), planning requirements, engineering, servicing capacity and approval from relevant authorities. Prospective purchasers must undertake their own independent due diligence and obtain appropriate professional advice. No representations or warranties are made by the vendor or agent regarding development yield or approval.
Level 2/ 198 Henry Rd, Pakenham VIC 3810
Call Dev Sandhu on
0430390511
Call Aman Pannu on
0452201373
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