1070 Tarneit Road, Tarneit

1070 TARNEIT ROAd TA R N E I T

for sale by Expressions of Interest closing on Thursday 7th April at 3pm

CONTENTS

4.09 ha of Urban Growth Zone Land

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INTRODUCTION

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EXECUTIVE SUMMARY

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SUBURB PROFILE

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LOCATION

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PROPERTY PARTICULARS

18

PRECINCT STRUCTURE PLAN

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WYNDHAM CITY STADIUM

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MARKET SALES ACTIVITY

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SALE METHOD

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INTRODUCTION Aston Commercial are pleased to offer 1070 Tarneit Road, Tarneit for sale

by Expressions of Interest closing on Thursday 7th April at 3pm.

Tarneit is one of the fastest growing suburbs in outer Melbourne with a current population of 49,780 (2020) expected to increase by 164%, to 131,166 by 2041.

The Tarneit activity centre is classified as a ‘Major Activity Centre’ in Plan Melbourne, with its purpose to fulfil and service anchor retail, services and businesses needs of the Tarneit community.

Available is the prime opportunity to be apart of this community and to purchase a land project amongst a thriving region.

Aston Commercial strongly recommend this opportunity for builders and developers looking to capitalise on the rapidly growing region and sector.

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Population expected to increase by 164%, to 131,166 by 2041

EXECUTIVE SUMMARY

1070 TARNEIT ROAd TA R N E I T

The property is positioned approximately 25 km’s West of Melbourne’s Central Business District.

Located within an approved PSP and surrounded by established Estate’s this parcel provides an immediate development opportunity.

LAND AREA

ZONING

4.09 hectares*

UGZ13 - Urban Growth Zone - Schedule 13

METHOD OF SALE

TERMS OF SALE

For Sale by Expressions of Interest closing Thursday 7th April at 3pm

10% deposit with the balance payable 60-90 days *approx.

EXCLUSIVE SELLING AGENTS

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Liam Rafferty

Jeremy Gruzewski

Associate Director 0421 886 655 liam@astoncommercial.com.au

Executive Director 0422 211 021 jeremy@astoncommercial.com.au

An incredible opportunity in a proven location

One of the last available land lots in the Tarneit North PSP

SUBURB PROFILE

TARNEIT 3029 Tarneit has mostly been used as agricultural

Following this as the suburb has expanded

grazing land. However this landscape

north, we have since seen the development

has been rapidly changing due to urban

of Tarneit Central Shopping Centre, Tarneit

sprawl, especially in the southern part of

Gardens Shopping Centre and Wydham

Tarneit, including from nearby suburbs such

Public Library.

as Hoppers Crossing and Werribee.

A new railway line opened in 2015, Tarneit has a number of schools established

the Regional Rail Link, travels from West

within its boundaries, including Thomas Carr

Werribee through Tarneit to Deer Park and

College, Baden Powell College P-9, Tarneit P-9

includes the new railway station of Tarneit.

College, St Francis of Assisi Tarneit, The Islamic College of Melbourne (ICOM).

The new station, built near the north east corner of Derrimut and Leakes Roads,

There has been much residential growth occur

provides a much faster service than the

in the Thomas Carr District, with other schools

current Werribee railway line, which must

and shopping centres planned for construction.

pass through Altona and Footscray. It has car

Tarneit Central Shopping Centre, on the south

parking with 1,000 spaces, ensuring Tarneit

east corner of Derrimut and Leakes Roads was

becomes a prime regional area for those who

opened in October 2017. It includes Coles and

commute to the city on a regular basis.

Aldi supermarkets, KMart, Harris Scarfe and The Reject Shop.

Tarneit and other neighbouring suburbs such as Truganina are expected to grow rapidly as

Wyndham Village Shopping Centre, in the

access to land in the more established suburbs

suburb’s south, was completed in 2005 to

in the City of Wyndham suburbs diminishes.

serve the population in the immediate area, especially in the residential developments of Tarneit Gardens, The Rise (located on the highest point of the surrounding plains), Rose Grange and Seasons.

Median House Price

$618,000* *REIV

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LOCATION Some nearby businesses and infrastructure includes:

Retail Tarneit Central Shopping Centre Riverdale Village Shopping Centre Tarneit Gardens Shopping Centre Bunnings McDonalds Woolworths

Education Tarneit Rise Primary School Tarneit P-9 College Tarneit Senior College Baden Powell College St John the Apostle School Thomas Carr College

Transport Tarneit Railway Station Bus Service (Route 182)

Specialist Wyndham Library Hummingbird Boulevard Sporting Reserve Goddard Street Reserve Wyndham Industrial Precinct

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PROPERTY PARTICULARS

TITLE PARTICULARS

ZONING

The property is contained in the certificate of title described as follows;

Under the Wyndham City Council Planning Scheme the land is zoned UGZ - Urban Growth Zone - Schedule 13.

Volume: 08954 Folio: 161 Lot 21 on Plan of Subdivision 092856

LAND DIMENSIONS AND AREA

Tarneit Road Frontage

106.8 metres*

Rear Boundary

106.8 metres*

Depth

384.3 metres*

Total Land Area:

4.09 hectares*

*approx.

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PURPOSE

To implement the Municipal Planning Strategy and the Planning Policy Framework. To manage the transition of non-urban land into urban land in accordance with a precinct structure plan.

To provide for a range of uses and the development of land generally in accordance with a precinct structure plan.

To contain urban use and development to areas identified for urban development in a precinct structure plan. To provide for the continued non-urban use of the land until urban development in accordance with a precinct structure plan occurs. To ensure that, before a precinct structure plan is applied, the use and development of land does not prejudice the future urban use and development of the land.

Surrounded by Established Estates

PRECINCT STRUCTURE PLAN LAND TO WHICH THIS PSP APPLIES Produced September 2014 The PSP applies to approximately 1,065 hectares of land as shown on Plan 1 and on Wyndham Planning Scheme maps as Schedule 13 to the Urban Growth Zone. The PSP area is generally defined

by Boundary Road to the north, Davis Road to the west, Leakes Road to the south and Derrimut Road to the east. Dry Creek passes through the precinct from the north west to the east, converging with Skeleton Creek to the east of the precinct. Plan 1 identifies the key features of the land.

1070 TARNEIT ROAd TA R N E I T

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The below table identifies the street network for the precinct in-line with the approved structure plan.

1070 TARNEIT ROAd TA R N E I T

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Wyndham City Stadium 1160 Sayers Road, Tarneit Wyndham City Stadium is a proposed 15,000-

As well as Wyndham City Stadium, the site

seat purpose-built football stadium which will

will also include a second 5,000-capacity

be built in Tarneit - west of Melbourne. The

stadium, a residential precinct with around

venue will be the future home of A-League

1,000 residences, and a commercial mixed-use

expansion side, Western United FC, who

development.

joined the competition in 2019/20. The club has played its home games at various venues

“This is a proud moment for WMG, the football

including GMHBA Stadium in Geelong and

club and the community who have been on

Mars Stadium in Ballarat.

this journey with us from the start,” WMG Chairman Jason Sourasis said.

Located 30km from Melbourne’s CBD, the

“I am delighted that the first earth-moving

$180 million facility will be privately-funded

vehicles are on site, we’re on our way now.

and the renders show a smaller version of the

“Just to get to this point has been years of

new Bankwest Stadium. Fans will be close to

preparation and planning, and I’d like to thank

the action, including behind the goals, and the

our partner Wyndham City Council for their

stands will be some of the steepest in Australia.

hard work and support.”

The Western United FC has reported that

Western United CEO, Chris Pehlivanis said, “It’s

early site works have commenced on

fantastic that early works have commenced

the precinct that’ll eventually house the

on the site, this is the biggest milestone for our

15,000-capacity Wyndham City Stadium.

Club to date.”

The Western Melbourne Group, who are a

“I’m excited. Get ready, from here on in, there

parent company of Western United, reached

will be plenty of moments to celebrate as we

the milestone in December 2021 when the first

watch the precinct come to life with those

soil was finally turned on the 62-hectare site in

on the journey with us – our loyal members,

Tarneit.

partners, footballers, staff, volunteers and fans.”

The construction team is now on-site, with

Read more:

heavy vehicles mobilised and in full swing,

www.austadiums.com/stadiums/wyndham-city-stadium

constructing the site’s haul road, which will provide access to the stadium site for construction vehicles.

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RECENT MARKET ACTIVITY

585 DERRIMUT ROAD, TARNEIT Date:

Dec 2021

Sale price:

$9,000,000

Land area:

37,280 sqm* / 3.73 ha*

Zoning:

Urban Growth Zone

Land PSM

$241

645 DERRIMUT ROAD, TARNEIT Date: Sale price:

$14,000,000 (undisclosed)

Land area:

55,490 sqm* / 5.55 ha*

Zoning: Land PSM

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June 2021

Urban Growth Zone $252

Sales Rates have increased in Q4 of 2021

635 DERRIMUT ROAD, TARNEIT Date:

Nov 2021

Sale price:

$13,100,000

Land area:

40,480 sqm* / 4.05 ha*

Zoning:

Urban Growth Zone

Land PSM

$323

1273 Dohertys ROAd, Tarneit Date:

May 2021

Sale price:

$4,500,000

Land area:

25,880* / 2.59 ha*

Zoning: Land PSM

Urban Growth Zone $173

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KEY REASONS TO BUY

PSP approved within Tarneit North PSP

Substantial 106.8 mETRES* street frontage

Significant Infrastructure cost savings from surrounding established estates

Located within one of Melbourne’s largest growth corridors

SALE METHOD

1070 TARNEIT ROAd TA R N E I T

METHOD OF SALE

TERMS OF SALE

For Sale by Expressions of Interest closing Thursday 7th April at 3pm

10% deposit with the balance payable 60-90 days

INSPECTIONS

CONTRACT OF SALE & VENDORS STATEMENT

Strictly By Appointment with the exclusive selling agents

Available upon request

EXCLUSIVE SELLING AGENTS

26

Liam Rafferty

Jeremy Gruzewski

Associate Director 0421 886 655 liam@astoncommercial.com.au

Executive Director 0422 211 021 jeremy@astoncommercial.com.au

DISCLAIMER “Materials” refers to any representations, statements, documents, data, statistics, measurements, estimates, figures, calculations, projections, approximates or otherwise stated by Aston Commercial Pty Ltd whether verbally or in writing. The Materials have been collated to assist potential purchasers for advertising and general information only to assist potential purchasers to decide whether to proceed with further investigation in relation to the property or the land. The Materials provided by Aston Commercial does not constitute any offer or contract of sale and is not to be relied upon prior to signing any relevant contract. Any dimensions or measurements of the property or the land (internal and external) are approximates only and should not be relied upon before signing any contract. The potential purchaser must conduct investigations to satisfy themselves that any Materials provided are accurate. Aston Commercial excludes unequivocally all inferred or implied terms, conditions and warranties arising out of the Materials and excludes all liability for loss and damage arising therefrom. *Approximate