SOLD : 10 Years in the Making

A LANDMARK SALE BY CORE LAND

The potential of this site at 25.40 hectares (62.76 acres), and nestled just 23 kilometres north of Melbourne’s CBD, in Melbourne’s northern growth corridor was evident from the outset. Based on recent draft plans, the properties are set to deliver 420-450+ residential lots (STPA) with expansive dual frontage to two main roads – Epping Road and Craigieburn Road.

The properties’ infill nature ensures immediate access to established amenities, including Epping Plaza, the Northern Hospital, local primary and secondary schools, tertiary institutions, the Epping North Employment precinct and Epping Wholesale Fruit and Vegetable market underscoring their intrinsic value to prospective investors and residents alike. Once complete, the Wollert Major Town Centre will be a short stroll from the site.

Over the years, there’s been keen interest in this site from numerous groups. The campaign for this long-awaited opportunity generated:

• 300+ Unique enquiries
• 17 Written offers at the conclusion of the EOI process
• 5 rounds of negotiation, with the site ultimately secured by a well-regarded property group

Timing was critical to the transaction.  Core Land supported the landowner with detailed market insight, planning and transaction advice on a regular basis over many years to support an informed and well considered approach to market.

Core Land Director Kane Malcomson and Manager Chris Jabs facilitated the transaction.