110 Boiling Down Road

Warrnambool VIC 3280

Saffron Real Estate proudly presents this future residential development site in Warrnambool (subject to council approval). Welcome to an opportunity to develop and expand your horizons. This 7 acre approx. site sits tantalisingly close to both, the North East Warrnambool residential growth corridor as well as the Horne Road Industrial Estate. With the rapid growth of the area we have seen in previous years, it's a location that has eyes on it from all over the country. Only minutes to major shopping centres, schools, shops, Hopkins River, it's easy to see why you'd want to live or develop the sit. Currently there is are two residences at the rear of the property quite close to each other as well as an old dairy. These properties are in need of extensive renovation if the buyer wishes to utilise them. Current zoning of the property is FZ but further details about the area can be found on the local WCC website. We look forward to helping you with your interest.

A steady increase in median property prices over a five-year period in the suburb has given property investors a potential property growth of 81.82%. The site is situated minutes away from the residential area in Warrnambool. As per VPA, it is also planned to provide approximately 4,000-4,500 homes to accommodate a population of more than 12,000 people. The PSP includes community facilities, local parks, and potentially new schools. It will include a neighbourhood activity centre (shops / supermarket), open space, sporting reserves, local parks and shared paths. It's estimated to generate more than 500 jobs (employment opportunities).