THE PROPERTY DEVELOPMENT REVIEW
8 GRASSDALE ROAD, SALE, VIC, 3850. 47 HECTARES (*APPROX). EXPRESSIONS OF INTEREST: CLOSING 15TH OF MARCH 2024 AT 12NOON A prime piece of development land has entered the market place for sale. Set on the North Western edge of the Sale growth corridor and strategically placed to be the next high quality land development, it has all the markings of a future boutique Residential Estate. Recent subdivisions within the area have been overwhelmed with popularity and produced high end retail pricing from the market arena, given the fact of a short supply available. This ideally located property is currently zoned Farming but adjoins existing GRZ1 land and is next in line for rezoning under the Wellington Shires strategic North Sale development plan. Offering 47 hectares of land with expansive frontage to both the Sale Maffra Road and Grassdale Lane and as per the North Sale plan provide an end result in the region of circa 500 residential allotments plus the impressive Homestead allotment. The property is set close to the other recent residential developments of Woondella, Glebe Estate, Glenhaven, and Drayton Park providing that key infrastructure is close at hand. The other key feature is the Historic “Grassdale Homestead” set in Western corner of the property. The Homestead dates back to Circa 1863 and will provide the astute developer the opportunity to either utilise the residence itself or create an iconic property to market within the development. For a Due Diligence Checklist go to: consumer.vic.gov.au/duediligencechecklist or call us on (03) 5144 4333 or Chris Morrison on +61 419 381 832
February /March 2024 – 51
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