297 Parwan-Exford Road, Parwan

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GREAT LAND BANKING OPPORTUNITY NEXT TO PARWAN TRAIN STATION

INVEST IN A PROPERTY NEXT DOOR TO PARWAN TRAIN STATION, AGRIBUSINESS EMPLOYMENT PRECINCT & VERY CLOSE TO DESIGNATED RESIDENTIAL GROWTH CORRIDOR.

Be quick opportunities of this nature rarely last - 100 Acres Green Wedge Zone. This is a rare opportunity to buy a substantial parcel within minutes of Bacchus Marsh, Melton and with Melton Reservoir frontage. Bacchus Marsh is a vibrant community, rich in resources and set in a very unique landscape. The Western Freeway provides an easy commute to Melbourne, as does the train line; Bacchus Marsh is no longer a quiet country town far from the City. The unique combination of green landscapes and urban amenities distinguishes Bacchus Marsh from other regional areas and is why new members are choosing to live in the community.

Growth is happening now and will continue to happen. The current population of some 20,000 people is predicted to double by 2041. Growth is an opportunity to encourage investment and local prosperity, provided it is well planned. This is the purpose of the UGF. The UGF is a strategic document jointly prepared by the VPA and Council. It will guide growth to 2041 and beyond. The document will earmark land for growth and coordinate and sequence required infrastructure. Additionally, it will seek to enhance the character that makes Bacchus Marsh an attractive place to live.

Parwan Employment Precinct (PEP):
The PEP has the potential to be a regionally significant employment hub for agribusiness and industry. Benefits include its position away from residential uses, proximity to the Bacchus Marsh Irrigation District and access to the freeway. Parwan is suited not to a single agribusiness, but rather a range of mainly vertically integrated businesses that will drive local prosperity and employment growth. Likely occupiers include meat processing, feed lot/sale-yards, mushrooms, poultry, hydroponics and associated co-located industries. The agribusiness potential of the PEP is estimated at up to 1,200 jobs.

The population of Bacchus Marsh is estimated to double over the next two decades to around 40,000 residents. This growth presents an opportunity to provide needed infrastructure and build the local economy, and importantly, encourage continued housing affordability. Work commenced on the Bacchus Marsh UGF in late 2014. A request was made to the Minister for Planning in 2015 to prepare an amendment to the planning scheme. Subsequently a project brief was developed between the parties and a scope of works was signed off by the Minister for Planning.

Bacchus Marsh will be an emerging regional growth centre, providing metropolitan-edge convenience, set within a distinctive agricultural valley framed by steep escarpments and significant waterways. Bacchus Marsh will be planned as a rural city in a farming district and as the gateway to Victoria’s Central Highlands region. Bacchus Marsh will draw new residents, investors and tourists due to its liveability, comparatively affordable land, diversity of residential lot sizes, access to services and attractive landscapes. The Bacchus Marsh Irrigation District is a food bowl for Victoria, and a range of other state-significant natural resources present opportunities for economic growth. As a rural city, Bacchus Marsh’s service role and investment in education, health, retail and local industry will be strengthened. The combination of landscape, natural resources and liveability are unique to Bacchus Marsh and will be central to managing future growth.

Please contact Anil Gullapally +61 434534699 for more details...

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DISCLAIMER: All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.

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Contacts

Anil Gullapally M. 0434 534 699 T. 03 8372 2018
Subhash Godara M. 0423 916 840

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Information

Property Type: Other
Land Size: 100 acres

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