Property Description
SECURE THE LARGEST AND LAST REMAINING LAND HOLDING IN VINEYARD PRECINCT (STAGE 1)
FOR SALE BY NEGOTIATION
39,150m2 (or 9.674 acres) of exceptional R2 – Low Density Residential development land!
Exclusive development agents, Urban Greenfield are proud to present this outstanding residential development site located at 44 Menin Road, Oakville. Situated in Vineyard (Stage 1); the newest precinct in the rapidly expanding North-West Priority Growth Area, this site is one of the last remaining premium R2 development opportunities in the area.
Situated only a short two-minute drive from Windsor Road and providing dual road frontage to Menin and Commercial Roads, this remarkable 9.674-acre site is zoned R2 – Low Density Residential (approx. 39,150m2) with a minor portion of SP2 – Infrastructure (for Classified Road – construction and widening), which will be acquired and compensation payable by Transport for NSW and Hawkesbury City Council (HCC).
Please note: the entire parcel of land is 5.54 hectares (55,400m2 or 13.69 acres) though the vendor will retain approximately 1.625 hectares (16,250m2 or 4 acres) subject to final survey as per the indicative Concept Plan of Subdivision.
Capitalise on the strategic location of this development site which is in close proximity to the proposed Outer Sydney Orbital, just a 7-minute commute to the Sydney Metro and directly opposite The Hills of Carmel Estate in Box Hill.
Location, Infrastructure, Density and Subdivision Potential
Adjacent to the Box Hill Precinct and the new HomeWorld Display Village; Vineyard – Stage 1 will provide urban development on 230-hectares of land, creating an additional 2,400 homes to accommodate approximately 7,400 residents. This exceptional site is in close proximity to the proposed primary school and sporting fields and within walking distance of the future village centre, shops and cafés. Complementing the attractive location, the site comprises the following permissible land uses:
- 39,150m2 of land zoned R2 – Low Density Residential; and
- SP2 – Infrastructure (Classified Road – construction and widening)
The residential component of the site is complimented by a proposed Collector Road (which can be offset through a Works In Kind Agreement (WIKA) meaning the acquisition of land and construction of the future Collector Road is 100% reimbursable under the Section 7.11 Contribution Plan which has now been approved and gazetted by HCC commencing 23 February 2021. Furthermore, preliminary research suggests a Concept Plan of Subdivision realising approximately 71 residential lots across the site (excluding 16,250m2 retained by the vendor) with an average lot size of 354m2 based on density cap guidelines not exceeding 18 dwellings/hectare. The maximum building height for residential development is 9 metres (two-story dwellings).
Site Attributes & Characteristics
Superior location providing dual access from Menin and Commercial Roads. The land is slightly undulating, falling to the south towards Killarney Chain of Ponds and the entire area is flood-free and above the 1 in 100-year flood event. The area dimensions provide for an impressive 271-metre frontage to Menin Road and 106-metre frontage to Commercial Road.
In addition to the central location, all services including connection to the Sydney Water Network (water and sewer), Telstra, NBN and single-phase electricity supply are available and/or in close proximity to the boundary.
Development Details
The upside and potential development yield for this site is remarkable and all interested parties are encouraged to act fast to secure one of the last remaining R2 development opportunities within the Vineyard Precinct. Possibilities for future residential use are endless and are detailed within State Environment Planning Policy (Sydney Region Growth Centres) Appendix 13 – Hawkesbury Growth Centres Precinct Plan and Development Control Plan (2018). Permissible uses prescribed in the land-use table are not limited to, but include:
- Dwelling houses
- Group homes
- Neighbourhood shops
- Educational establishments
- Community facilities
- Respite day care centres
- Centre-based childcare facilities
- Recreation facilities (indoor & outdoor)
- Exhibition villages
- Tourist & visitor accommodation
Summary of Fast Development Facts
Lot & DP: Lot 2 DP 1180840
Municipality/LGA: Hawkesbury City Council
Planning legislation: State Environment Planning Policy (Sydney Region Growth Centres) Appendix 13 – Hawkesbury Growth Centres Precinct Plan and Development Control Plan (2018).
Land use: R2 – Low Density Residential and SP2 – Infrastructure (Classified Road)
Total land area: 39,150m2 or 9.674 acres (3.915 hectares)
Net residential density yield: 15-18 dwellings/hectare
Total residential density yield: 71 dwellings (subject to lot size, density cap guidelines, design, road layout and Hawkesbury City Council approval)
Maximum height of buildings: 9 metres (two-storey dwellings)
Essential services: Connection to Sydney Water, Wastewater Mains, Telstra, NBN and single phase electricity supply connected or in close proximity to the boundary
Proximity to infrastructure: 1.6km Windsor Road, 3.8km Vineyard Train Station, 6km Riverstone Train Station, 8km Rouse Hill Town Centre and Sydney Metro, 17km Norwest Business Park, 18km Castle Hill, 26km Parramatta and 50km Sydney CBD
Section 7.11 Contributions: $70,834 per lot approved and gazetted on 23 February 2021
Special Infrastructure Contribution (SIC): $221,686 per hectare of net developable area
Hawkesbury City Council rates: approx. $5,506 per quarter
Sydney Fixed Water rates: approx. $300 per annum
Further Information
This unrivaled opportunity presents developers with the prospect of securing the largest and last remaining R2 – Low Density Residential development opportunity within the Vineyard Precinct. Explore the vast array of possibilities right in the heart of the thriving North-West Priority Growth Area.
For more information and to obtain an Information Memorandum on this rare offering, please call Trent at Urban Greenfield today on 1300 732 587 or email [email protected]
Disclaimer: All information contained herein has been obtained from sources that Urban Greenfield believes to be reliable and accurate and is given in good faith. However, Urban Greenfield has not been able to have all the information verified and accordingly the material may not be complete or accurate for individual circumstances or needs.
This information is of a general nature only. Therefore, Urban Greenfield gives no warranty as to its correctness, accuracy or suitability for individual circumstances, and any person using the information on this site is recommended to obtain independent expert and/or legal advice that is tailored for their circumstances. Urban Greenfield, its directors and staff, bear no responsibility to any company or person who relies upon the aforementioned information provided.
