This article is from the Australian Property Journal archive
A broadacreage site strategically located on 295 Cardinia Road in Pakenham/Officer is being offered for sale by public tender through Sutherland Farrelly.
The property is approximately 50 kilometres south east of the Melbourne CBD and is situated in the rapidly expanding south eastern growth corridor of Melbourne, providing an outstanding future development opportunity.
The site comprises a holding of approximately 85.11 hectares and is in immediate locale Heritage Springs and Lakeside at Pakenham, a Delfin initiative comprising a 222 hectare estate incorporating 2,300 residential allotments, retail and commercial centre, recreational space, parklands, creek reserves and wetlands.
In addition, VicUrban’s proposed development at Officer, located within three kilometres of the subject property, which will comprise approximately 4,000 residential dwellings.
The site is situated within the Urban Growth Boundary and zoned ‘Farm’ under the provisions of the Cardinia Planning Scheme, the property is included within an area identified as “Proposed Employment” under the Cardinia Planning Scheme.
Selling agent Geoff Sutherland said the property is strategically positioned immediately south of the $242 million Pakenham Bypass project, the property creates an outstanding opportunity to invest in a designated future development precinct.
“Access to the property will be further enhanced by a full diamond interchange situated at Cardinia Road, allowing traffic movements to and from the Melbourne CBD,” he added.
Tenders close on Thursday May 4, 2006 at 3.00 pm at the offices of Sutherland Farrelly.
By Kathryn O’Meara
