Development OpportunitySpectrum Real Estate are pleased to present for sale 450 Princes Highway, Officer.
Land size : 9089m2 (approx)
Asking price : $3,500,000
Settlement: August 2022
9,089 sqm* Landholding
Proposed and lodged (STCA)
17 Double Storey Townhouses and 6 Commercial Warehouses.
- Prime 9,089 sqm* mixed-use landholding with flexibility for residential subdivision, townhouse and commercial warehouse development (STCA)
- Close to the property include the Development Victoria owned Officer Town Centre
- Nearby proposed Precinct structure plan (PSP)
- Officer Train Station and surrounded by three (3) existing schools, retail and sporting reserves
- The Officer precinct has one of the fastest growing populations in Victoria, increasing 22% p.a. between 2016-2019 with forecast growth of 88% between 2021 and 2026
- Strong house price growth of 8.37% over the past year, highlighting demand for new homes, land or retail services