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98 Marshalltown Road
Grovedale, VIC 3216
$4,350,000
Overview
98 Marshalltown Road, Grovedale
This property offers a rare opportunity to acquire an 8047 square meter parcel of GRZ4 infill land located in a highly sought-after area just 5 kilometers from the Geelong CBD and waterfront. The land is flat and rectangular, making it an ideal site for development.
Currently, there is a permit in place as of December 2022 for the construction of 41 townhouses, providing a flexible option to either decrease or increase the yield depending on development plans. The design includes a mix of 30 two-bedroom, 9 three-bedroom, and 2 four-bedroom townhouses, thoughtfully created by Project Now.
This location is proven to be a successful townhouse site and also lends itself well to alternative uses such as aged care or child care facilities. The property benefits from excellent local amenities and transport links, including a train station just 400 meters away on the Melbourne line, a supermarket 340 meters from the site, and a primary school only 250 meters away. Deakin University is within 4.2 kilometers, while popular coastal destinations such as Torquay and Barwon Heads are 16 and 17 kilometers away respectively.
Comparable sales and build estimates are available to assist with planning and investment decisions. This infill land represents a rare and valuable development opportunity in a popular and accessible location.
Location
Grovedale VIC 3216
Market Insights for Grovedale VIC 3216
Other properties in this postcode
ESR $1,050,000 - $1,150,000
48 Burgundy Drive, Waurn Ponds VIC 3216
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
