The landholding is located within a General Residential Zone (GRZ) and benefits from multiple access points and services on the boundary. It allows for subdivision of approx. 50 to 60* residential lots and features multiple existing dwellings that are generating short term rental income. The site also has the flexibility and potential to incorporate commercial or mixed-use development schemes, with 150* metres of prime frontage along Bridge Inn Road.
The precinct is situated in a rapidly developing residential area, led by the City of Whittlesea, surrounded by established retail, education, parks and public transport. High population growth and strong housing demand is underscored by the median house price of $820,000* in Doreen.
Cameron Zamora and Leon Ma from Cushman & Wakefield are offering the sale via an Expressions of Interest (EOI) campaign closing Wednesday 20 August.
Cushman & Wakefield’s Manager, Land and Development, Cameron Zamora said, “This is a rare chance to secure a first-mover position in Doreen’s final precinct; a fully serviceable, flexible site in one of Melbourne’s fastest-growing corridors.”
Cushman & Wakefield’s Director, Head of Asia Capital Services, Leon Ma said, “We expect significant interest from residential developers and investment consortiums looking to capitalise on robust population growth, limited land supply, and strong market fundamentals.”
