2 Ryan Road Pakenham VIC 3810

Development / Land
1.18 ha
Sold

Prime Development Opportunity

PSP Approved 1.183ha
Potential mixed Commercial and Residential
Zoned Urban Growth
Gateway Location

2 Ryan Road, Pakenham 3810

Price
Expressions of interest

Key Information

1.183ha
Zoning Urban Growth
Tenure type
Vacant Possession

Situated on the North-East corner of Ryan Road and the Princes Highway its eastern boundary is abutting future parkland along Deep Creek a well established rural bush setting. However, it will capture the attention of some 23,000 residents occupying 7,000 homes immediately to the east and south within the PSP when completed. Sales have already commenced in Averley (Lend Lease) and Ridgelea (Parklea) release anticipated shortly. Following on will be Arcadia Pakenham (Satterley) and a number of other residential developments. This activity will create new town centres, parks, recreational facilities and a new Railway Station Pakenham East to be opened in 2024. This area is the next hot spot in this corridor.