Property Description
RARE 20.34-ACRE CONTIGUOUS DEVELOPMENT HOLDING IN VINEYARD PRECINCT (STAGE 1). 139-149 LOTS ANTICIPATED!
TAKING EXPRESSIONS OF INTEREST NOW
82,313m2 (or 20.34 acres) of exceptional R2 – Low Density Residential development land!
Exclusive development agents, Urban Greenfield are proud to present four outstanding adjoining properties located at 58 & 62 Boundary Road, combined with 122 and 138 Menin Road, Oakville. Situated in Vineyard (Stage 1); the newest precinct in the rapidly expanding North-West Priority Growth Area, these four properties combine to offer 20.34 acres of unrivalled development land.
Situated only a short two-minute drive from Windsor Road and providing two road frontages to Boundary and Menin Roads, this remarkable 20.34-acre site is zoned R2 – Low Density Residential (67,969m2) with a small portion of RE1 – Public Recreation (4,942m2) for future park, and approx. 9,402m2 of SP2 – Infrastructure for Classified Road, which will be acquired and compensation payable by the NSW Roads and Maritime Services.
Capitalise on the strategic location of this development land which is in close proximity to the proposed Outer Sydney Orbital, just a 7-minute commute to the Sydney Metro and directly opposite the The Hills of Carmel Estate in Box Hill.
Location, Density and Subdivision Potential
Adjacent to the Box Hill Precinct and the new HomeWorld Display Village; Vineyard – Stage 1 will provide newly rezoned development land for 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:
- 67,969m2 of land zoned R2 – Low Density Residential,
- 4,942m2 of land zoned RE1 – Public Recreation (Future Park); and
- 9,402m2 of land zoned SP2 – Infrastructure (Classified Road).
The residential component of the land is complimented by a favourable road layout meaning residue land is minimal. Preliminary research suggests a concept plan of approximately 139-149 residential lots could be realised across the four parcels with an average lot size of 346m2 – 373m2 based on density cap guidelines not exceeding 18 dwellings/hectare. The maximum building height for future residential development is 9 metres.
Site Attributes & Characteristics
Superior location providing dual access from Boundary and Menin Roads. The land is slightly undulating, and the entire area is flood-free. Each site contains a single-storey brick residence and outsheds and each property would return a strong rental yield prior to development and subdivision commencement. The area dimensions provide for an impressive 360-metre frontage to Menin Road and 530-metre frontage to Boundary Road. The perimeter of the combined site is approx. 1450 metres with elevated north-easterly views extending over the Box Hill Precinct.
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 all properties.
Development Details
The upside and development yield for this site is remarkable and all interested parties are encouraged to act fast to secure the last contiguous development opportunity 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 10 DP 25173, Lot 22 DP 627573, Lot 1 DP 528951, Lot 2 DP 528951
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, RE1 – Public Recreation and SP2 – Infrastructure
Total land area: 82,313m2 or 20.34 acres (8.23 hectares)
Net residential density yield: 15-18 dwellings/hectare
Total residential density yield: 139-149 dwellings (subject to lot size, density cap, design, road layout and Hawkesbury City Council approval)
Maximum height of buildings: 9 metres
Essential services: Connection to Sydney Water, Wastewater Mains, Telstra, NBN and single phase electricity supply connected or in close proximity to the property
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: $65,748/lot
Hawkesbury City Council rates: approx. $7,600 p.a / per property
Sydney Fixed Water rates: approx. $95 p.a / per property
Further Information
This outstanding opportunity presents developers with the prospect of securing the last remaining and largest contiguous R2 – Low Density Residential development land 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 development 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.
