Located in Pakenham North East, this 1.591 Ha (3.93 Acres) of land zoned: General Residential Zone Schedule 1 is ripe for development. The property forms part of the Northern Boundary of the Cardinia Lakes Estate, an award winning Peet development offering everything that residents could possibly desire in an urban community for a convenient and active lifestyle.

This prime parcel is a natural extension to this wonderful estate, with formed road access, from Powell Place to the Coles supermarket, mixed retail, services, childcare, primary school and recreational activities.

Improvements on the land include a brick dwelling (4 bedrooms, 2 bathrooms, 2 living), in ground salt/chlorine, solar swimming pool, a three car colorbond shed plus storage; all well maintained and presented in excellent order and condition.

The owners have engaged Town Planners to make a preliminary assessment of the site and they have produced two suggested options for potential subdivision, both of which include the retention of the existing improvements on a 1647m2 allotment. There is also a model of estimated development costs which can be used as a guide only. An estimated yield for the site is up to 26 residential lots (STCA). We advise that you make your own independent enquiry on information supplied.

A comprehensive information memorandum is available for your perusal upon request (by mail or electronically). It should be noted that the vendor is not registered for GST. This is a blue chip opportunity in a highly regarded area. Inspect with total confidence.