Stonebridge Property Group is pleased to present for sale Lot 1, 4 & 5 Starling Road, Officer, a premium 12 hectare* residential development opportunity centrally positioned in one of the fastest growing suburbs in Melbourne’s south-east growth corridor.
The property provides an astute purchaser the optionality for higher density development, such as townhouse, retirement living, or land subdivision. The centrally located site comes with the added benefit of a favourable lot ratio of 25 lots to the hectare.
Key investment highlights include:
- Expansive landholding with flexibility for residential subdivision, townhouse or retirement village development (STCA)
- Exceptional lifestyle and amenity – only 920m* to Officer Train Station and surrounded by three existing schools, retail and sporting reserves
- Mooted projects immediately surrounding the property include the Development Victoria owned Officer Town Centre, Starling Road State School site and Starling Road Neighbourhood activity centre site
- Flat and regular-shaped land with existing permits in place over a portion of the property
- Boasting convenient access to the Princess Highway arterial the site offers a commutable 40-minute drive to the Melbourne CBD
- Combined 580m* frontage to Starling Road allowing for flexible development outcomes
- The Officer precinct has one of the fastest growing populations in Victoria, increasing 22% p.a.1 between 2016-2019
- Strong house price growth of 5.26%2 over the past year, highlighting demand for new homes, land or retirement communities
1 Source: ABS 2016
2 Source: CoreLogic; data is reported to the period ending Nov 2020
* Approximate
Lot 1, 4 & 5 Starling Road, Officer is for sale in-one-line, separately or any combination.
To obtain further information or to arrange an inspection, please contact our exclusive selling agents.
