FOR SALE
$2,200,000 All offers will be Considered

28 Thompsons Road
Newborough VIC 3825

Bedrooms: -
Bathrooms: -
Car spaces: 200
Land area: 29000m2
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Prime Development 32 Lots, Concept Approved

Melbourne South Side.
New Residential Development Opportunity. 7 acres of Prime Development Land.
Right Next to Moe Golf Course, Zone: UGZ1 opportunity.
ROI’ = $13,200,000 return on 32 Development Sites. Best opportunity ever with more than 500% return on investment.
This 29,000 sqm property presents a compelling investment opportunity for property developers.
The property, located in close proximity to the new residential development at the Narracan Lake Resort, falls under the UGZ1 General Residential zone.
Its appeal is derived from its advantageous position adjacent to the Moe Golf Course and its potential for accommodating up to 32 residential lots, as outlined in the Precinct Structure Plan without any encumbrances.
Additionally, this prospective 32-lot development, subject to obtaining necessary approvals, assures a seamless integration of urban convenience and natural allure.
The property's proximity to the Moe Golf Course and convenient access to the serene Lake Narracan Foreshore offers a lifestyle that seamlessly intertwines leisure and tranquillity.
Moreover, its advantageous location near the vibrant town centre of Moe provides easy access to a diverse range of educational, commercial, and recreational amenities.
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Property Details for 28 Thompsons Rd, Newborough

Building Type
Commercial
Land Size
29000m2

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About Newborough 3825

The size of Newborough is approximately 19.5 square kilometres. It has 27 parks covering nearly 7.8% of total area. The population of Newborough in 2011 was 6,932 people. By 2016 the population was 6,757 showing a population decline of 2.5% in the area during that time. The predominant age group in Newborough is 50-59 years. Households in Newborough are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Newborough work in a trades occupation. In 2011, 72.5% of the homes in Newborough were owner-occupied compared with 69.6% in 2016.

Newborough has 3,957 properties. Over the last 5 years, Houses in Newborough have seen a 77.92% increase in median value, while Units have seen a 62.04% increase. As at 31 July 2024:

  • The median value for Houses in Newborough is $414,262 while the median value for Units is $288,503.
  • Houses have a median rent of $410 while Units have a median rent of $250.
There are currently 28 properties listed for sale, and 2 properties listed for rent in Newborough on OnTheHouse. According to CoreLogic's data, 141 properties were sold in the past 12 months in Newborough.

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