OFF MARKET

Geelong-Bacchus Marsh Road
Parwan VIC 3340

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Property Details for Lot 1 Geelong-Bacchus Marsh Rd, Parwan

Building Type
Land
Local Government
Moorabool

Last Listing description (April 2023)

Reliance Commercial is delighted to offer 61 acres in future Parwan Employment Precinct. A rare opportunity to acquire 61 acres of flat land with 2 main road frontage that is just 55 minutes' drive to Melbourne CBD, within the sought-after Bacchus Marsh Urban Growth Framework Plan (Parwan Employment Precinct) in Melbourne's newest Growth corridor.

61 acres in Parwan Employment PSP (SUZ zoning)
Flat Land

Potential for future multiple subdivision allotments (STCA)
Short walk to upcoming train station
6 minutes to Bacchus Marsh town
6 minutes to existing Bacchus Marsh train station
Flexible terms & conditions.

Bacchus Marsh Urban Growth Framework includes:
1) Merrimu Residential PSP
2) Parwan Station PSP
3) Parwan Employment PSP

This 61 acres forms part of the Bacchus Marsh Urban Growth Framework Plan Which will provide for a future Merrimu population of 20,000 residents just minutes to the Bacchus Marsh Township and 55 minutes approx. to the Melbourne CBD via easy freeway access.

Interested parties should conduct their due diligence prior to making any submissions. Given are for general information only and do not constitute any representation on the part of the vendor or agent.

Please contact JD on 0423 664 786 or Eric on 0411 323 991 for any further information.

Due Diligence Checklist -
http://www.consumer.vic.gov.au/duediligencechecklist

Property History for Lot 1 Geelong-Bacchus Marsh Rd, Parwan, VIC 3340

A timeline of how this property has performed in the market
  • 01 Dec 2022
    Listed for Sale Contact Agent

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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 123 properties. Over the last 5 years, Houses in Parwan have seen a 46.28% increase in median value. As at 30 November 2024:

  • The median value for Houses in Parwan is $1,227,807.
There are currently 8 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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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.