Rare perfectly located 1ha-plus infill development opportunity

22 May 2024

Developers have the chance to make their mark on Melbourne’s north-west growth corridor, with a rare perfectly located infill development opportunity spanning than one hectare in Taylors Lakes hitting the market.

Fitzroys’ Andrew Lepa and Tino Parisi of Compton Green are marketing 1A Robertsons Road on behalf of local investors who have owned the property for more than 25 years.

The Expressions of Interest campaign closes Tuesday, 18 June at 3pm.

The site encompasses 10,468sqm and is zoned General Residential 1 under the Brimbank Planning Scheme.

“We’re expecting residential developers looking to deliver apartments and townhouses to the site to show interest, as well as National Disability Insurance Scheme (NDIS) operators, and potentially commercial operators that may look to deliver childcare facilities,” Lepa said.

Lepa said the property is perfectly located, 20 kilometres from the Melbourne CBD and near expansive shopping and lifestyle amenity, schools and public transport. It borders Taylors Lakes Reserve and is within just 500 metres of Watergardens Shopping Centre, anchored by Woolworths, Big W, Kmart, Aldi, Bunnings and featuring Dan Murphy’s, Subway and Anytime Fitness; and is close to cafés and takeaway restaurants, Watergardens train station, Overnewton Anglican Community College School, Emmaus Primary School and Catholic Regional College Sydenham, and the Melton Highway and Calder Freeway.

“At a time of flexible working arrangements, Melburnians are looking to live in locations that are close to hospitality and lifestyle offerings, and easily accessible by major roads and public transport,” Lepa said.

“This area has already been generating strong demand from young professionals, families and ‘empty nesters’ seeking the ultimate lifestyle.”

He said Australia has been receiving record intake levels of migrants and the need for housing supply and associated amenity and infrastructure is at critical levels.

“Victoria is the fastest-growing state in the country and government forecasts have the state’s population reaching 10.3 million by 2051. Melbourne will receive the clear majority of the new residents,” he said.

“The site’s potential is in-keeping with National Cabinet’s National Housing Accord, which aims to deliver 1.2 million ‘well-located’ homes close to shops, schools and transport over the five years from July.”

Parisi said, “As well as needing more homes, Melbourne will need the associated infrastructure to support its new residents, such as medical and allied health clinics, NDIS facilities and services, and childcare services.”