Plenty Valley Activity Centre is being offered for sale on behalf of McMillan Property Group for the first time in over 20 years.

The CBRE Melbourne Metropolitan Sales team of Nathan Mufale, David Minty and JJ Heng are marketing 765 Plenty Road and 525 McDonalds Road, South Morang for sale via an International Expressions of Interest process.

The offering comprises a prodigious infill activity centre landholding spanning over an extraordinary 7.32ha* providing buyers with a diverse consideration of land use and development options.

“Rarely do landmark offerings of the size and scale come to market. We’re anticipating strong buyer interest in the site, driven by the property’s northern corridor location, prime frontages and versatile development scope under the Plenty Valley Structure Plan (STPA),” Mr Mufale said.

“The Plenty Road frontage alone provides exposure to 12.5million vehicles passing annually.” Mr Mufale added.

“There’s a strong track record of development success in the area, which is expected to underpin significant interest in the site from developers and land bankers, all of whom can benefit from the property’s underlying attributes,” Mr Minty said.

“As a result of the highly favourable zoning, we’re anticipating competition between a diverse range of major private and institutional development groups.” Mr Minty added.

The offering is strategically located in the northern growth corridor of Melbourne, only 20 km* from the CBD as well as being positioned within Mill Park's core Activity Centre precinct near to Westfield Plenty Valley Shopping Centre featuring Coles, Woolworths, ALDI and over 190 specialty stores.

 Immediate surrounds include an abundance of retail and lifestyle offerings including, Axis Lifestyle Centre (abutting the property), Bunnings (directly adjacent), Rivergum Village SC (250m*), Homeco (500m*), South Morang Train Station (1km*) and RMIT Bundoora (2.6km*).

There’s outstanding connectivity to Melbourne's CBD (16km*) via Plenty Road and to Melbourne Airport (18km*) via the Metropolitan Ring Road.

This is one of the fastest-growing municipalities in Victoria, forecast to grow at an average of 2,800 new residents per annum driving increased housing demand.

The International Expressions of Interest process is due to close in August.

To request a copy of the Information Memorandum please contact one of the marketing agents from the CBRE Melbourne Metropolitan Sales team of Nathan Mufale, David Minty and JJ Heng via the contact details below.