DEVELOPMENT SITE

EXCELLENT  REGIONAL  DEVELOPMENT  OPPORTUNITY

The wonderful, bustling Victorian town of Benalla is embracing expansion and growth with the recent release of this prime, 83 ACRE site right at the edge of current development is now approved by council and awaiting final Ministerial approval as Residential 1 zoning (GRZ).  

Benalla has been experiencing consistent population growth due to the strategic importance of its location for transport, its high amenity and important surrounding agricultural areas. The lively township is revealing itself as a potential “tree-change” destination, with an expectation that the train line will enjoy a higher level of passenger usage thereby reinvigorating the rural city and opening up the opportunity for people to live in Benalla and easily travel to other larger towns such as Wangaratta and Shepparton. Rural Victorian tourism is undergoing substantial increased interest, driving many smaller town economies and consequently growth rates. The Benalla Outline Development Plan (ODP) identifies this north west area of the city – and particularly Four Mile Road – as the key growth front for the rural city, which is why this land release to GRZ is a fundamental acknowledgement of where the next sizeable residential subdivision in Benalla will take place.

One proposed subdivision reveals a yield of 170 single home lots comprising a mixture of lot sizes ranging from 600 sq.m. to 2,500 sq.m. (larger lots provide a buffer zone as a transition to a low density subdivision bordering the subject property), but with a redesign many more lots could be developed here. There is an abundance of public open space with shared facilities for pedestrians and cyclists for those family walks and fun times, truly reflecting the neighbourhood character of the area.

Featuring  a predominantly cleared, flat topography with two road frontages, this excellent property is only minutes from necessary infrastructure such as supermarket, schools, public transport, Hume Freeway and other services.

We would be pleased to receive EXPRESSIONS OF INTEREST to purchase. Vendor is open to terms.

Don’t miss this awesome opportunity to be part of the growth of this delightful regional centre.