Substantial Residential Development Site in Melbourne’s South-East
Core Land and RPMs’ Transaction & Advisory division as exclusive selling agents are delighted to present to market Devon Meadows Estate as For Sale by Expressions of Interest. This is a Tier 1 development opportunity sitting within Melbourne’s premier south-eastern growth corridor. It presents as one of the finest remaining greenfield sites of scale anywhere within Victoria.
At 46.19 hectares (114.14 acres), and nestled just 46.5 kilometres south-east of Melbourne’s CBD, the property is set to deliver 920+ residential lots (STPA). The property boasts an enviable location, commanding attention with its expansive dual frontage to two main roads - Craig Road and Devon Road - and offers unparalleled visibility and accessibility, setting the stage for a multitude of development possibilities.
As the largest development opportunity of its kind within the Devon Meadows Precinct Structure Plan, it serves as one of the final remaining development prospects of scale amidst the prevailing scarcity of available and future PSP land. Moreover, its main road frontage ensures immediate access to established amenities, including the Botanic Ridge Village, Cranbourne Park Shopping Centre, local primary and secondary schools, tertiary institutions, the Casey Fields South Employment precinct, and the Cranbourne Botanical Gardens, underscoring its immense value to prospective investors and residents alike. Once complete, the future Clyde Major Town Centre will be a short stroll from the site.
In Melbourne’s strategic south-eastern corridor, few offerings rival the rarity and allure of high-profile, main road fronting development site of this scale.
Key Investment Highlights
- 46.19 hectares/ 114.14 acres landholding directly adjacent to the Botanic Ridge Village Town Centre
- 920+ residential lots (STPA) across 11 individual titles
- Immediate access to the infill Junction Village commercial precinct with established schools, retail and amenity
- Comprehensive servicing methodology designed and costed
- Within the established, premium and supply constrained Devon Meadows/Junction Village residential market.
- 46.5 kilometres South-east of Melbourne’s CBD
- Suitable for residential, and ancillary residential uses (Retirement Village & LLC, Aged Care, Suel, Fast Food, Childcare and Medical Uses STPA)
- Positioned within the commenced and well-advanced Devon Meadows PSP, one of the few Tier 1 Residential PSPs in the VPA’s Business Plan
This property is being offered for sale by Expression of Interest closing Tuesday, 27th August at 2PM (AEST). For more information, please contact Zaynoun Melhem, Kane Malcomson, Tim Hyland & Trent Malcomson.
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