Landmark 1,302 sqm* Ripe For Development | Prime Position Near Craigieburn Central

Burgess Rawson are delighted to present to market 250-252 Craigieburn Road, Craigieburn VIC for sale via Expressions of Interest Closing Wednesday 24 April 2024 at 3pm.

This opportunity has the following key highlights:

+ Rare 1,302 sqm* double block located on convenient service road.
+ Favourable General Residential Zoning (GRZ1) providing significant development upside.
+ High exposure frontage of 33m* to Craigieburn Road allowing greater scope for development and flexibility in future use.
+ Current improvements include a 4 bedroom plus study, 2 bathroom house currently leased providing holding income plus an adjoining car park with 25 car spaces.
+ Position perfect within close proximity to Craigieburn Junction & Craigieburn Central that include national names Coles, Woolworths, Aldi, Big W, Kmart, Hungry Jacks, KFC, Red Rooster and many more. The property is also directly opposite the McDonalds & Craigieburn Sporting Club/Golf Course.
+ Surrounded by approved developments, the property may suit high density residential, medical, place of worship, place of assembly or fast food STCA.
+ Victoria’s Big Build: Craigieburn Road carries 28,000** vehicles daily and is currently under significant development with upgrades adding extra lanes in each direction, additional traffic lights for traffic control and new bus priority lanes due for competition in January 2025. The property directly benefits from these upgrades with road widening and traffic light upgrades currently underway directly in front of the property.
+ Craigieburn: booming metro Melbourne suburb with a population of 70,006^ and forecast to increase 11% by 2041.
+ Craigieburn: median house price growth of 13% since February 2021***
+ Residential Income: $21,324 pa*

For Sale by Expressions of Interest Closing 3pm Wednesday 24 April 2024.

To discuss the property further, please contact the Burgess Rawson agents below.

DAVID NAPOLEONE
0417 308 067
dnapoleone@burgessrawson.com.au

RAOUL HOLDERHEAD
0413 860 304
rholderhead@burgessrawson.com.au

*Approx
**Fultonhogan.com
^Forecast.id
***Realestate.com.au