A very special 5ha (12.35acres) Urban Growth Zone – Schedule 2 property being very close to current development and having sewerage already through the property.
PSP shows total area of 4.92ha with Waterways Corridor and Drainage assets area of 1.89 ha with a declared Total Development Area of 3.03 ha. Gippsland Water Plans states 3.03ha @ 12 lots per ha = 36 lots potential.
In the meantime enjoy a quality lifestyle from this impeccable 3 bedroom “Country Character” home with two great alfresco areas, plus very good pastured paddocks.
A definite reduction in capital investment by creating a separate title to sell this home.
A superb location being just 2 minutes to the freeway via the Drouin Golf Club and also adjoining residential homes on the prestigious Fairway Drive Estate.

INFORMATION
andbull; 5ha (12.35 acres) URBAN GROWTH ZONE – SCHEDULE 2
andbull; Mains sewerage line through property
andbull; PSP declares area of 4.92ha, Waterways Corridor and Drainage Assets of 1.89 ha, and Total Development area of 3.03 ha,
andbull; Gippsland Water Plans states 3.03 ha Development area at 12 lots per ha = 36 lots potential.
andbull; Existing character filled 3 bedroom weatherboard home with two adjoining living rooms plus fantastic renovations that modernize the kitchen but retain the “Country Charm”
andbull; 2 x “Alfresco” areas for outdoor living and relaxation with privacy from the road
andbull; Double lock up garage – concrete floor
andbull; Ex dairy building with three areas – single garage, workshop and storage
andbull; Other sheds – also a dam
andbull; Great location being just 2 minutes to freeway via the Drouin Golf club and also adjoining existing residential homes on the prestigious Fairway Drive estate
andbull; A unique property for developers or investors or as a current lifestyle home / property that will keep on increasing in value. Capital investment costs could be further reduced by selling the existing home once titles have been created.