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Land for Sale

50 Spencer Road Avenel, VIC 3664

$3,400,000
  • Land: 13 ha (31 acres)

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50 Spencer Road, Avenel, VIC 3664

Land for Sale in Avenel

PRIME DEVELOPMENT LAND with 3 Street Frontages!

  • Land: 13 ha (31 acres)

• Unique Opportunity - Adjoining Property Also Available - 30.84 acres Approx.

A legacy of the land, this property has been in the Spencer Family since the mid 1960's and has been utilised primarily for grazing purposes.

Comprising seven lots over 31.05 acres (19.21 acres in the TOWNSHIP ZONE and 11.84 acres in the FARMING ZONE) approx.

The property is designed to provide for residential development and a range of commercial, industrial, and other uses in small towns and encourage development that is responsive to the neighbourhood character of the area.

  • Approx. 77,751sqm (19.21 acres) in the Township Zone - ideal for residential or mixed-use development
  • Approx. 47,904sqm (11.84 acres) in the Farming Zone - offering future flexibility
  • Adjoining Property Also Available - Approx. 124,824sqm (30.84 acres)
  • No Windfall Gains Tax applicable on the Township Zoned portion - adding to the investment appeal
  • Adjoins established residential estates on the western boundary
  • No planning overlays applicable
  • Prime location with easy access to the Hume Highway for seamless travel to Melbourne
  • Only 90 minutes by train to Southern Cross Station in the Melbourne CBD

A golden opportunity to capitalise on the growth of this increasingly popular regional township, just a short 90-minute drive or train ride from the city.

Located in the Shire of Strathbogie, Avenel boasts a strong base in equine, cropping, livestock, and wine industries, along with an explosion in the hospitality, retail, and tourism sectors.

Iconic tourist features nearby include - Lake Nagambie, Mitchelton Winery, the historic Tahbilk Winery, Fowles Winery, Bank Street Wood Fired Pizza and Garden and Harvest Home Restaurant.

A Rare Opportunity - Act Now!

To view the Avenel Township Strategy and Vendor statement for the property, please use this link: https://vltre.co/8psaDX

In conjunction with Ray White Nagambie

Contact us for further information on:
Romano Cellante: romanoc@rosshunt.com.au - 0412 100 989
Mark Boyer: mark.boyer@raywhite.com - 0418 941 628
Emma Hendy: emma.hendy@raywhite.com - 0431 049 730

Land:

13 ha / 31 acres

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

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