A premium 11.37 hectare residential and commercial development opportunity centrally positioned in one of the fastest growing satellite cities in Victoria, has hit the market and is expected to achieve north of $16m.
Stonebridge Property Group’s Julian White, Dylan Kilner and Chao Zhang have been appointed to market the property at 195-205 Vineyard Road, Sunbury.
Julian White, Partner at Stonebridge commented that the Sunbury precinct has one of the “strongest projected population growth in Victoria with it set to increase 5% p.a.^ for the next 20 years.”
The property offers exceptional lifestyle and amenity – only 1.5km* to Woolworths Rosenthal Village, 1km to the proposed Sunbury South Train Station and immediate Calder Freeway access providing connection to the inner northern suburbs and Melbourne CBD.
“The advice from town planners suggest that between 163 and 190 residential lots are possible on the site with a further 38 medium density units” said Julian White.
“Coupled with strong residential statistics, this landholding is in a high central position in Sunbury, being easy walking distance to the future amenity that will be provided in the Sunbury South PSP” said Mr White.
Manager at Stonebridge Property Group, Dylan Kilner also commented “we are expecting strong interest from developers given the site is only 37km from the Melbourne CBD and adjoining the metro railway line which is currently been upgraded to support higher volumes and speeds.”
The property is for sale via Expressions of Interest closing Thursday 26th August 2021 at 2pm (AEST).
For further information please contact:
^ Source: Forecast ID