A wrap-up of the latest sold sites from our Land Team.

In a period of heightened uncertainty in the market, our team continue to see high levels of demand for englobo land as development groups continue to fill future their pipelines. With a shortage of development land remaining, competitive market pressures have seen strong prices still being achieved.

Included below are some of our recent SOLD transactions.

18-22 Ballarto Road, Clyde

At 14.01 ha (34.81 acres), the property sits within the tightly held Clyde South PSP, directly adjacent to the future Clyde Major Town Centre and Train Station precinct.

The property was transacted via an International Expression of Interest campaign and has set a new price record for the Clyde South PSP.

685 Davis Road, Mount Cottrell

Located on a highly strategic major intersection in Melbourne’s booming Western growth corridor, this 10ha landholding is earmarked for a mix of industrial and residential uses (STPA).

After a competitive campaign, the property was sold for a record per hectare price on an unconditional basis to a prominent local developer.

2-4 Anzac Avenue, Yarra Glen

Selling for a record price for development land in the region, this 8110sqm site has an expected yield of 20+ Residential Lots (STPA).
The property is spectacularly positioned moments from Yarra Glen’s town centre in the heart of the Yarra Valley’s wine making region.

45 Lewis Street, Beveridge

At 2.05ha (5.07 acres), the property is permit approved to deliver 45 residential lots.

The property was transacted via an Expression of Interest campaign and has set a new transaction record for the precinct.