The security property is situated in the outer western suburb of Truganina, approximately 22 km from Melbourne’s Central Activities District.
Parent titles are approx. 8.19 ha of developable area and are proposed for a residential land subdivision into 172 lots, benefited with a Planning Permit allowing multi-lot subdivision. This project is proposed to be developed over 3 stages.
Stage 1 is completed creating 78 residential allotments. Pre-sold lots within this stage are currently settling, with the balance currently on the market for sale.
Subdivision works in respect of Stage 2 is underway with a yield of 72 residential lots.