Exceptional Development Opportunity in the Heart of Kilmore
Inwest Real Estate is proud to present an extraordinary development opportunity in the heart of Kilmore. We invite all investors and developers to secure this unique and highly sought-after property at 1551 Northern Highway and 26-30 Mill Road Kilmore.
This prime real estate offers 6.5 acres of land with excellent exposure. The property includes a future roadmap for additional access from Curry Road, with plans already underway for the unmade Curry Road from the southern edge of the property (refer to the planning map online).
Following the recent council rezoning of Kilmore's south-east growth precinct from the farming and rural living zones to a growth residential zone, Kilmore is poised to become the next major growth area.
Development Potential:
Concept Plan : Potential future subdivision into Minimum half-acre lots (STCA) once the sewerage is connected to the property, which is expected in the near future (refer to the VPA). plus building envelop concept plan.
The property is strategically located across from approved major residential and commercial developments, including a retail hub, kindergarten, government primary school, and sporting grounds. These developments will significantly enhance the value of this prime location.
Additional highlights include:
A house in each property, both to be demolished.
17-18 lots (STCA) lodged in the council for permit approval, with each lot estimated to be half an acre. Sales of half-acre lots in the area are circa $600-$700 K.
Feasibility calculations suggest a Gross Realization Value (GRV) of $11,900,000.00 based on $700 K per lot, with major costs involved including roads, sewerage works, and engineering works (approx. $2 million).
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