Residential land tender

ABOUT 28 hectares of prime residential development land in Pakenham with permits for a 291-lot subdivision have been released for sale. Jones Lang LaSalle agents Dominic Gibson and Matthieu Lucas are marketing the property via a public tender that closes on August 18. The site comprises two mainly residential zoned parcels and would also suit high-density residential or retirement living. It is 55 kilometres from the Melbourne CBD and near big employment centres at Dandenong and Cranbourne. A new ...

By InvestSMART · 13 Jul 2011

By InvestSMART ·
13 Jul 2011

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Frequently Asked Questions about this Article…

What development land is for sale in Pakenham?

About 28 hectares of prime residential development land in Pakenham is being offered for sale, with permits in place for a 291‑lot subdivision.

Who is marketing the Pakenham residential development site?

Jones Lang LaSalle (JLL) agents Dominic Gibson and Matthieu Lucas are marketing the Pakenham site via a public tender.

How can interested buyers participate in the sale of the Pakenham land?

The site is being sold by public tender, which closes on August 18. Interested buyers should contact the marketing agents at JLL for tender details.

Where is the Pakenham site located in relation to Melbourne and local employment centres?

The site is about 55 kilometres from the Melbourne CBD and is close to major employment centres at Dandenong and Cranbourne, making it convenient for future residents.

What zoning and development options does the Pakenham land offer?

The property comprises two mainly residential‑zoned parcels and would also suit high‑density residential projects or retirement living developments.

How many lots are approved for the Pakenham subdivision?

Permits are in place for a 291‑lot subdivision on the Pakenham site.

What local amenities and infrastructure are planned near the Pakenham development?

A new primary school is proposed for Pakenham, and Woolworths is expected to open a new store nearby next year, adding local amenity value to the site.

Is the Pakenham site suitable for residential developers and retirement living investors?

Yes — the mainly residential zoning and the option for higher‑density or retirement living use make the 28‑hectare Pakenham site suitable for residential developers and investors focused on retirement or high‑density projects.