Major regional site primed for residential subdivision

Colliers has announced the Expression of Interest sale of 12 Ben Venue Boulevarde, Armidale, a 61,940sqm site that presents an excellent opportunity for subdivision development.

The property is zoned R1 General Residential, and a concept subdivision plan for 48 residential lots has been provided by the vendors. The minimum lot size for this subdivision is 500mΒ² under the Armidale Regional LEP 2012, and the site may allow for a higher yield, subject to council approval. The property offers significant potential and an excellent investment opportunity for those looking to take advantage of the growing regional property market.

Nick Estephen and Thomas Mosca, both Directors at Colliers, are the appointed agents for the sale. Commenting on the property, Nick Estephen said, “12 Ben Venue Boulevarde is an exciting opportunity for buyers looking to capitalise on the growth of the regional property market. With the provided concept subdivision plan and the potential for a higher yield, the property represents an excellent investment opportunity.”

Armidale, where the property is located, is a thriving regional town situated in the northern tablelands of New South Wales. It is the regional hub for education, commerce, and health, making it a highly attractive destination for residents and families. The University of New England, one of Australia’s leading regional universities, is located in Armidale and is renowned for its excellence in education and research.

In terms of population growth, Armidale is experiencing a steady increase, with a population of approximately 30,000 residents. The town is projected to experience further growth in the coming years, indicative of the positive economic and social environment of the town.

Apart from its thriving economy, Armidale is also renowned for its rich cultural heritage, with numerous heritage buildings and churches that attract visitors from all over the world. Additionally, the town has excellent shopping centres such as Armidale Central, which provides a comprehensive range of shops, cafes, and restaurants, making it a popular destination for locals and visitors alike.

“Armidale is a vibrant regional town with a bright future,” said Thomas Mosca. “With excellent infrastructure, including the new super-secondary school, the Armidale Hospital, and Armidale Central, the town provides an ideal setting for families and businesses. This makes the property at 12 Ben Venue Boulevarde an attractive investment opportunity, and we are confident that it will generate significant interest from buyers.”

Buyers interested in the property are advised to contact the selling agents for more information.

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