We are pleased to announce the unconditional exchange of contracts and sale of 1215 Plenty Road, South Morang. Our Transactions & Advisory division was the exclusive selling agent; led by Victorian Sales Director Zaynoun Melhem, alongside Ed Wright and Jun Lai.
The 12.13ha former “chicken farm” was marketing publicly via an expressions of interest campaign which generated over 180 enquiries from a range of local developers, as well as interstate and off groups eager to secure a significant “infill” development opportunity.
Mr. Melhem commented that “this campaign underpinned what we are witnessing in the marketplace, where well located future infill development opportunities are highly sought after and achieving strong land rates.”
The property, which had been family-owned for more than 40 years, is well positioned for future re-development given its proximity to the Hawkstowe Railway Station and surrounded by the amenities of established land estates.
RPM National Director and Head of Transactions & Advisory, Ed Wright commented that “with more than 400m of marketing frontage to Plenty Road, this property offers the buyer an opportunity to deliver one of Melbourne’s most prestigious and sought after greenfield projects.”