Major Development Opportunity (4.53HA)
A significant development opportunity exists on the fringe of Lancefield. Only moments’ walk to the Lancefield Primary School and short stroll to the village centre, this subdivision opportunity is a chance to leave a legacy for the future. A total of 18 (approx. 2,000m2) blocks with current approval from MRSC to proceed with the next stage of subdivision. All the heavy lifting has been done. The land now awaits an investor to carry through the completion and reap the rewards.
A total of 4.53 ha (11.19 acres) subdivided into 19 blocks, all with views to the surrounding ranges. Lancefield is a burgeoning township only 40 minutes to the Airport and 60 minutes to Melbourne CBD. A country lifestyle is the flavour for those looking for a safe and serene environment to bring up their families or settle into retirement. For reference, other comparative blocks in Lancefield are currently for sale for approximately $450k - $580k for 1,100m2 making the 69 Park Street development a very lucrative proposition.
Disclaimer: Before you buy a home or vacant residential land, you should be aware of a range of issues that may affect that property and impose restrictions or obligations on you, if you buy it. Please refer to the due diligence checklist provided by Consumer Affairs Victoria at the website address detailed below. This checklist aims to help you identify whether any of these issues will affect you. The questions are a starting point only and you may need to seek professional advice to answer some of them.
www.consumer.vic.gov.au/housing/buying-and-selling-property/checklists/due-diligence
