Future Development Site Opportunity Awaits Your Vision (S.T.C.A) Positioned strategically in a rapidly evolving area slated for future rezoning, this property presents a unique investment...
Future Development Site Opportunity Awaits Your Vision (S.T.C.A)
Positioned strategically in a rapidly evolving area slated for future rezoning, this property presents a unique investment opportunity.
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Property Type
-Development Land
Sub Type
-Land Site
Land Area
-30.50 Ha (approx.)
Zoning
-Residential & Farming
Method of Sale
-Expressions of Interest (EOI)
EOI Closing Date
-Friday 11th of October at 5pm (AEST)
Buxton Bendigo presents to the market 30.50 Ha of land that is key to opening the gateway to Maiden Gully. The land is currently being considered for rezoning and is included in the Maiden Gully North Precinct Structure Plan. The property contains multiple residential dwellings, large, cleared areas, meandering seasonal gullies and creek, native vegetation, and elevated sections with scenic views back towards the Maiden Gully township.
Property Highlights:
Located 7 Kilometres west of the Bendigo CBD
30.50 Ha (approx.) Comprising
626 Calder Hwy (5.276 Ha)
604 Calder Hwy (4.145 Ha)
82 Durstons Road (8.276 Ha)
88 Durstons Road (4.076 Ha)
104 Durston Road (9.106 Ha)
This presents an enticing prospect for developers and investors looking to capitalise on the growing demand for residential property in the area.
Key Attributes
The Gateway to Maiden Gully consisting of 30.50 Ha of land primed for development STCA with significant dual frontage onto Calder Hwy and Durstons Road
**By 2056, Greater Bendigo’s population is expected to grow by 87,000 people, requiring 38,000 new dwellings. This strategy proposes that 70% of new urban development should occur in established areas, while the remaining 30% would be in growth areas such as Strathfieldsaye, Maiden Gully, Huntly, and Marong. Currently, more than half Bendigo’s residential growth is concentrated in these growth areas” (Maiden Gully)”
Current Income Generation:
Three houses on the site are rented to generate income whilst waiting for re-zoning.
Lots 82, 88 & 104 Durstons Road are currently council rated as farming with a primary producer lease in place.
*Approximately
**City of Greater Bendigo web site
DISCLAIMER: Any floorplans, room measurements, and land sizes provided on our property listings/marketing are approximate and for illustrative purposes only. Buxton makes no representations or warranties regarding the accuracy, completeness, or reliability of any floorplan, drawing, or rendering used in the advertising materials. Buxton disclaims any liability for errors, omissions, or inaccuracies in the depiction of the land, property, or any described features. Prospective purchasers should conduct their own due diligence and seek independent professional advice to verify all information.
