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Overview
A Rare Activity Centre Development Opportunity in the Heart of Werribee
Positioned in one of Werribee's most tightly held and strategically significant locations, this property offers a rare opportunity to secure a substantial landholding within one of Melbourne's fastest-evolving growth corridors.
Occupying an impressive approximately 954 square meters of land on dual titles, this exceptional site is located within the Activity Centre Zone - Precinct 5B, which is a key component of Werribee's long-term vision for urban renewal and intensification. The property is surrounded by major infrastructure, commercial investments, and emerging high-density developments, presenting outstanding potential for a mixed-use commercial and residential project of up to five storeys (18.5 metres), subject to council approval.
Adding immediate value, the property currently includes two existing dwellings, both securely leased and generating a combined rental income of $3,575 per calendar month. This provides a holding income while future development plans are explored.
The location is highly convenient, with Werribee Train Station, the vibrant Watton Street precinct, and a variety of cafes, restaurants, and essential amenities all within approximately 400 metres. Residents can also enjoy close proximity to the revitalised Werribee River corridor, the redeveloped Wyndham Park, and seamless freeway access connecting both Melbourne and Geelong.
Several landmark multi-storey developments have already been completed or are underway throughout Cottrell Street and the surrounding Activity Centre. Werribee is rapidly transforming into a major economic, cultural, and residential hub for Melbourne's west. This property represents an opportunity to secure a site at the forefront of that transformation and capitalise on the area's exciting future.
Properties of this scale, zoning, and location are seldom offered. This is a unique chance to secure a significant place in Werribee's next chapter.
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While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Change History
| Headline | When |
|---|---|
| $1,200,000 - $1,320,000 | |
| $1,200,000 - $1,300,000 |
Location
Werribee VIC 3030
Market Insights for Werribee VIC 3030
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