Kevin Hicks Real Estate are excited to offer for sale this prime subdivision land (STCA) at 20 Hoopers Road, Kialla.
This property is a stand-alone future development site with extensive frontage to Hoopers Road (263 metres approx.), sealed road with local traffic only accessing this area and only a short distance from Archer Road.
There is a 4-bedroom brick veneer home favourably located on the north west corner of the title. The home has been partially renovated internally and is allowed to be excised off prior to development plans for the estate to be retained or sold off to a third party (STCA).
Council has allocated funding in 2020/2021 to commence planning and investigation works for the land. These works are required to be undertaken before a Precinct Structure Plan (PSP) and Development Contributions Plan (DCP) can be prepared for the land. The PSP will guide the future development of all land, the DSP will identify and cost the quantum of infrastructure required to support the future development of the land. A planning scheme amendment will then be prepared to implement the PSP and DCP before the land can be developed for residential purposes. Council officers are currently in the process of engaging consultants to prepare a Traffic Impact Assessment Report (TIAR) and an Integrated Water Management Plan (IWMP) to provide information on appropriate densities for future residential development, identify all appropriate regional infrastructure required to support residential development and outline the cost of this infrastructure.
The current population of the City of Greater Shepparton is 66,010 and it is anticipated to grow at an average annual growth rate of 0.9% out to 2036, for a projected population. Land and housing affordability are one key driver of population growth in Shepparton and Mooroopna. Other key drivers include:
- Access to quality education including a range of public and private primary and secondary schools and tertiary education facilities.
- Several regional facilities including health and legal services and government offices and services.
- A thriving agricultural industry with a range of supporting businesses and services.
- A supportive and welcoming location for migrant settlement.
The Greater Shepparton region continues to grow at unprecedented rates with exciting new project developments including Tourism (SAM), Health (GV Health) and Education (Greater Shepparton Secondary College) plus the ongoing migration of investors for Agriculture/Horticulture developments.
The civil works movement has also created a wave of residential enquiry and the south of Shepparton has been in demand and a preference for many buyers wanting to build.
This development opportunity as a whole or in separate lots will be well received. The scale of opportunity has never been offered before for land of this calibre and scope in the ever popular south or east of Shepparton. The consolidation of the lots available provide developers the opportunity to create a residential estate of significance.
STCA - Subject to Council Approval
