A large scale development site with precinct structure planning approval has been launched to market by RPM Real Estate Group in one of Melbourne's fastest growing corridors.
Adjoining Lendlease’s acclaimed Atherstone Estate, 1152-1154 Mount Cottrell Road Strathtulloh offers the potential to deliver more than 450 lots.
The 34.22-hectare site is centrally located in the Melton Growth Corridor, 30 kilometres west of Melbourne’s CBD and is covered by the approved Toolern PSP.
In a market where proximity to transport is a key selling feature, the site is extremely well positioned with the Cobblebank Railway Station (currently under construction) located nearby.
RPM transaction manager Zaynoun Melhem, who is marketing the site alongside David Schnall, said the site is one of the last large, privately-held parcels of land in the area.
“The vast majority of landholdings in the PSP have been purchased by developers or investors in recent years,” he said.
“This site is perfectly positioned, located midway between two future neighbourhood activity centres on Mount Cottrell and Ferris Roads” Melhem said.
Further north, the Toolern major activity centre will include major retailers, mixed-use precincts and restaurants. In addition to this, the established Melton town centre is just a short drive away, meaning residents will be well served from the day they move in.
Melhem said the development site has attracted strong enquiry from the development industry in the first week of the campaign, highlighting the demand for land in this rapidly growing corridor.
The property is for sale by tender, which closes Thursday, 14 March at 4:00pm.
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