Lot 21 Boyes Road, Baranduda VIC 3691

Enquiry code for this property: 9113
“AVENEL PARK”
Lot 21 Boyes Road, Leneva, Victoria, Australia
Prime Development Land on the
Wodonga - Baranduda - Leneva Growth Corridor
Available for Private Sale
Lot 21 Boyes Road,
Leneva, Victoria
Certificate of Title Volume 10934 Folio 060, being Lot 21 on
Plan of Subdivision 511568T in the Parish of Baranduda, County of Bogong, City of Wodonga, Victoria
Lot 21 Boyes Road, Leneva, Vic
16.19 hectares (40 acres)
On the edge of Wodonga, Vic
Prime residential development land in the Wodonga-Baranduda-Leneva growth corridor is at a premium, but an ideal parcel on Boyes Road offers the astute local, national or international investor the opportunity to buy now to take advantage of Wodonga's expanding urban sprawl.
The property is currently zoned Urban Development, with rezoning by council to Residential 1 to take place in the near future.
The Victorian State Government has described the corridor as the largest regional growth front in Australia and this land is expected toservice Wodonga's long-term needs as well as supporting economic growth anddevelopment in the region.
Comprising 16.19 hectares (40 acres) of mainly flat land, this magnificent property is located in a stunning natural environment, with the majestic Baranduda Range at its front door step and picturesque Middle Creek, which is to be preserved as a recreational reserve, at its back door.
Panoramic views over the countryside are a bonus.
The Boyes Road property, which is accessed by Baranduda Boulevard or the Beechworth-Wodonga Road, is within the City of Wodonga's Development Plan Overlay. The property is currently serviced with electricity, and the cities services, including gas, sewerage and storm water service is only 500 metres away.
The irregular shaped property has a frontage to Boyes Road of 282.64 metres, a rear (north) boundary of 313.77 metres, a western boundary of 504.8 metres and an eastern boundary of 622.8 metres.
Soils comprise mainly brown loams with a natural seasonal watercourse crossing the property. Pastures include semi-improved rye grass/clover which have been regularly fertilised.
There are two dams on the property serviced by a permanent spring, with the one main paddock securely fenced for stock grazing.
The well fenced property currently has stock grazing to maintain the property’s natural overlay which has a number of graceful gum trees and grasses that preserve the natural habitat.
While the property would ideally suit an investor eyeing the potential to develop and subdivide, it would also suit a buyer seeking a lifestyle property with the view to develop a housing estate, at a later date. The property is currently zoned Urban Development, with rezoning by council to Residential 1 to take place in the near future.
The Victorian State Government has described the corridor as the largest regional growth front in Australia and this land is expected toservice Wodonga's long-term needs as well as supporting economic growth anddevelopment in the region.
Comprising 16.19 hectares (40 acres) of mainly flat land, this magnificent property is located in a stunning natural environment, with the majestic Baranduda Range at its front door step and picturesque Middle Creek, which is to be preserved as a recreational reserve, at its back door.
Panoramic views over the countryside are a bonus.
The Boyes Road property, which is accessed by Baranduda Boulevard or the Beechworth-Wodonga Road, is within the City of Wodonga's DevelopmentPlan Overlay. The property is currently serviced with electricity, and the cities services, including gas, sewerage and storm water service is only 500 metres away.
The irregular shaped property has a frontage to Boyes Road of 282.64 metres, a rear (north) boundary of 313.77 metres, a western boundary of 504.8 metres and an eastern boundary of 622.8 metres.
Soils comprise mainly brown loams with a natural seasonal watercourse crossing the property. Pastures include semi-improved rye grass/clover which have been regularly fertilised.
There are two dams on the property serviced by a permanent spring, with the one main paddock securely fenced for stock grazing.
The well fenced property currently has stock grazing to maintain the property’s natural overlay which has a number of graceful gum trees and grasses that preserve the natural habitat.
While the property would ideally suit an investor eyeing the potential to develop and subdivide, it would also suit a buyer seeking a lifestyle property with the view to develop a housing estate, at a later date.
The Local Area and
Albury-Wodonga Region
This well maintained property is beautifully located, being on the fringe of Australia's greatest inland cities of Albury-Wodonga and within a few hours drive to Melbourne, Sydney and Canberra via the Hume Freeway.
The Albury-Wodonga area is close to the Victorian snowfields that flow down into one of Australia’s largest water catchment areas, the Hume Reservoir that then flows out into the country’s largest waterway being the Murray River, all within a 15 minute drive.
The property is also in close proximity to the historic gold-mining towns of Yackandandah, Beechworth and Chiltern, which is graced by the popular wine growing regions of Rutherglen and the King Valley.
Close by within 1 km is the satellite suburb of Baranduda, providing private and public schools, and the soon-to-be-developed Wodonga Sports Complex, while within 500 metres is the large Westmont Retirement Village.
This area gives access to beautiful bush walking tracks that the local council have developed for the growing demands from locals and community groups to capture this unique environment.
The Rural City of Wodonga is within an easy 5 minute drive, with Albury City a further five minutes.
Albury-Wodonga, which has a population of over 100,000people, boasts first-class medical and educational services, excellent retail, tourist and sporting facilities and a large industrial base. It offers an ideal decentralised location for businesses unable to establish or expand within metropolitan areas.
The cities are serviced by a large regional airport, servicing the capital cities daily, including rail services and road transport.
This opportunity rarely comes to the market as it has been held by one family over many years, who now feel it is the time to move it on.
Price: $1.150 million (or best offer)
For any further information
or inspection which is by
appointment only, please phone
Enquiry code for this property: 9113