A commercial super lot in a prestigious residential estate in one of Melbourne’s fastest growing corridors has been launched to market.
Located at 150S Wheeler’s Park Drive, the 3,500 square metre infill site is primed to deliver a range of commercial options in the heart of the 1,000 lot
Tulliallan residential estate, and an adjacent lot of medium density housing under construction.
The titled lot is ready for immediate development and perfectly positioned to serve a strong local catchment.
The site offers developers the opportunity to successfully deliver a boutique mixed-use commercial and auxiliary offering in an estate which attracted premium price offers for its residential lots, evidenced by the success of larger retail centres in nearby residential estates.
The landholding is also well located in terms of transport access, with a direct connection to the main East-West arterial and the Princes Freeway just a short drive to the north providing an easy journey into Melbourne’s CBD. A bus route also stops directly opposite the site and connects directly Berwick town centre and railway station.
RPM Real Estate Group is marketing the development on behalf of an undisclosed private developer. RPM sales consultant Zaynoun Melhem said there’s strong demand for services and infrastructure to support the burgeoning community.
“With the surrounding residential estates developed some years earlier, the area has matured to a point where there’s high level of demand for a range of commercial facilities,” Melhem said.
“As an example, we could see a childcare centre being developed due to the high population of young families, as well as a few specialty shops with ample space for parking.
“But this site isn’t limited by anything, so a developer can really implement their own vision here.”
Melhem said significant premiums had been achieved on Tulliallan estate, “The natural beauty of the area including the heritage listed rows of elm trees really set the project apart,” he said.
“This has now been preserved as open space and is in close proximity to the site.”
“There’s a surge of residential developments due to be completed over the coming 12 to 18 months so the area is certainly set to continue to grow,” he said.
Melhem said the development site has attracted significant interest, with some childcare providers among the flood of enquiries received within the first week.
The tender closes at 4pm on 23 November 2017.
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