65,600sqm of prime developable land, with multiple applicable zonings and an array of outcomes available, has been placed on the market. Situated in the newest precinct, in the rapidly expanding North-West Priority Growth Area, this rare property encompasses two separate titles (combined for one regular shaped block) offering the opportunity to contribute a significant project the area is yet to see.
The team from Urban Greenfield have exclusively been appointed to offer this outstanding development opportunity, located at 28 Harkness Road, Oakville, to the market. Expressions of Interest will close Friday 31 May 2019 at 5pm.
“This remarkable site provides savvy developers with an opportunity to seize a unique 16.2-acre greenfield, which benefits from close proximity to the proposed Outer Sydney Orbital and just a 7-minute commute to the Sydney Metro (due to open in May 2019).” Noted selling agent Trent McKellar.
The property is situated within the ‘Vineyard Precinct’, where Stage 1 plans are set to provide newly rezoned development land for an additional 2,400 homes. Involved within this plan, this site is zoned as follows:
- 45,084sqm of land zoned R2 - Low Density Residential,
- 3,521sqm of land zoned RE1 - Public Recreation (future park); and
- 16,995sqm of land zoned SP2 - Infrastructure (water management basin).
“The residential component of the land is divided into three development sectors, with preliminary research suggesting that 78-81 residential lots could be realised with an average lot size of 395sqm and 381sqm respectively. The maximum building height for future development is 9 metres.” Urban Greenfield agent Emma McKellar contributed.
“The upside and development yield for this site is remarkable and all interested parties are encouraged to act fast to secure the largest rezoned land holding within the Vineyard Precinct.”
Summary:
- 65,600sqm or 16.2 acres
- R2 - Low Density Residential, RE1 - Public Recreation and SP2 - Infrastructure
- Potential for 78-81 dwellings (STCA)
- Maximum building height of 9 metres
- 7-minute commute to the Sydney Metro (due to open in May 2019)
*Please note that all financials, measurements and distances quoted are approximate only.
28 Harkness Road, Oakville, is available for purchase via Expressions of Interest, closing Friday 31 May 2019 at 5pm. Enquire today to obtain an Information Memorandum.
For further information, please contact Urban Greenfield
Trent McKellar: +61 418 654 715
Emma McKellar: +61 419 242 664
