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385 Cummings Road
Parwan VIC 3340

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 161900m2
Land area: 40ac
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40 ACRES PREMIUM CORNER BLOCK IN PARWAN EMPLOYMENT PRECINCT

Raine and Horne Land Victoria is delighted to present this prime parcel of land 40 Acres in PARWAN with immense future potential for investors. Parwan Employment Precinct (PEP) is located within the highly sought-after Bacchus Marsh Urban Growth Framework (UGF) Plan in Melbourne, one of the fastest growth corridors in Australia.
It's a corner block between Cummings Rd & Aerodrome road with massive frontage on both the sides. Situated on the west side of Geelong-Bacchus Marsh Road the site is within proximity to Bacchus Marsh airport, Bacchus Marsh shopping centre, existing train station and future Parwan station.
The Victorian Planning Authority (VPA) is working with Moorabool Shire Council to prepare either a structure plan (either as part of a precinct structure plan (PSP) or development plan), to facilitate planning for 1,500 jobs at the Parwan Employment Precinct (Bacchus Marsh).
Located in Melbourne's Western Corridor in the shire of Moorabool, Parwan is a region about to experience enormous transformation. Parwan is of state level importance and is the major employment feature of the framework plan. The precinct is anticipated to commence within the short term and has the ability to deliver up to 1,200 jobs through various agricultural developments such as meat processing, feed lot/saleyards, poultry, hydroponics and associated co-located industries.
Property Features:
• Potential Development Site
• Forms part of Bacchus Marsh Urban Growth Framework Plan
• Exceptional landbank value uplift opportunity
• 40 Acres (Farming Zone)
• 55 minutes approx. to Melbourne CBD
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Property Details for 385 Cummings Rd, Parwan

Building Type
Commercial
Floor Size
161900m2
Land Size
40ac

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About Parwan 3340

The size of Parwan is approximately 78.5 square kilometres. It has 1 park covering nearly 1.1% of total area. The population of Parwan in 2011 was 311 people. By 2016 the population was 151 showing a population decline of 51.4% in the area during that time. The predominant age group in Parwan is 60-69 years. Households in Parwan are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Parwan work in a trades occupation. In 2011, 90.4% of the homes in Parwan were owner-occupied compared with 60.4% in 2016..

Parwan has 124 properties. Over the last 5 years, Houses in Parwan have seen a 32.10% increase in median value. As at 31 October 2024:

  • The median value for Houses in Parwan is $1,024,912.
There are currently 9 properties listed for sale, and 1 property listed for rent in Parwan on OnTheHouse. According to CoreLogic's data, 1 property were sold in the past 12 months in Parwan.

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Harsimrat Gill
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Raine & Horne Land Victoria
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