46 Peacock Road
Tyabb, VIC 3913

This property represents a rare opportunity to acquire a substantial 22.5-acre Green Wedge landholding located at 46 Peacock Road, Tyabb, Victoria. The land has been generationally held since 1908 and is now available for the first time in nearly 120 years due to a deceased estate.

Strategically positioned between the expanding townships of Somerville and Tyabb, and only 55 kilometers from Melbourne's Central Business District, this parcel offers significant potential for various land use strategies, subject to council approval (STCA).

The site includes functional cattle yards and a secure perimeter fence, making it immediately suitable for agistment or animal keeping. The land is versatile, allowing for the construction of a private custom home or long-term holding as an investment.

The property's location is highly sought after, situated as the natural midpoint between Somerville and Tyabb. This area is an in-demand pocket for both residential and industrial land within the Mornington Peninsula. The site is surrounded by a mix of industrial and residential zoned land, which has gradually closed in around this parcel, enhancing its value and potential.

Green Wedge parcels with this level of potential upside in the Mornington Peninsula are rare to find on the market, making this an exceptional opportunity for buyers seeking land with future growth prospects.

The Somerville-Tyabb-Hastings corridor is currently under active planning consideration at both state and local government levels. Industrial land across the Mornington Peninsula has been identified as constrained by planning authorities, with new areas being evaluated to support the region's growing population and business trade.

Significant strategic initiatives are underway at the state and federal levels, particularly concerning the Port of Hastings and its surrounding region. As these initiatives progress, the surrounding areas, including this property, are expected to experience positive impacts and potential value appreciation, subject to council approval.

All stated dimensions are approximate and provided for general information purposes only. Prospective buyers are advised to conduct their own due diligence. An up-to-date copy of the Due Diligence Checklist is available at the Victorian Government consumer website.