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
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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
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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
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
