Pictured above: 1360-1370 Mickleham Road, Craigieburn
Receivers & Managers David Hardy, John Lindholm & Will Colwell of KPMG have today announced the sale process for 1360-1370 Mickleham Road, Craigieburn that will launch on 21 July 2023. CBRE’s selling agents David Minty, Nathan Mufale & JJ Heng have been appointed to coordinate the sale.
The 8.09-hectare, ‘urban growth’ zoned site in the north-western Melbourne suburb of Craigieburn is ideally suited for residential development.
KPMG Partner David Hardy confirmed the sale process will be via International Public Expressions of Interest.
“Our agents are ready to speak with interested parties and will run an open, transparent process to sell 1360-1370 Mickleham Road”.
“Given that 1360-1370 Mickleham Road is largely surrounded by established residential subdivisions by notable groups including Stockland, PEET, Ho Bee Land & Potter George Group we expect strong demand from all the major developers in the market.”
CBRE’s selling agent David Minty said “Demand for suitably zoned land for residential subdivision has never been stronger, with developers keen to fuel their pipelines. This was evident as part of the nearby Aitken Hill sale campaign which yielded 12 offers and was sold on an unconditional basis for $142,000,000 to Singaporean developer Ho Bee Land.”
Adding to the international interest of this location is New Zealand-listed Aged Care & Retirement Living, Summerset Group's recent acquisition of an 8Ha landholding at 1480 Mickleham Road for $32,450,000.
CBRE Land Sales Director Nathan Mufale said that 1360-1370 Mickleham Road being “development ready” right now will only increase interest in an already hot property market.
“We are seeing record sales results for land in Melbourne's northwest corridor in particular, and this is prime real estate”.
1360-1370 Mickleham Road is in close proximity to Melbourne Airport and rail and road networks. It sits within the Craigieburn West Precinct Structure Plan.
