Developer buys Victoria's Sunbury site for $1.25 million

Developer buys Victoria's Sunbury site for $1.25 million
Prateek ChatterjeeMarch 14, 2016

A Melbourne-based developer has snapped up a mixed-use Sunbury site for $1.25 million.

The sale of 1-5 Riddell Road was brokered by Fitzroys agent Dean Alexander.

The 2,640 sqm site included three titles each owned by one member of the local family that had owned the property for over 50 years.

Alexander said the corner site was sold with a mixed-use zoning and lent itself to a variety of options.

“The property received strong interest from developers looking to capitalise on the flexibility of the site and the region’s rapid population growth,” he said.

Sunbury is the birthplace of The Ashes cricket trophy and a gateway to the Sunbury Wine region, according to the www.visitvictoria.com website.

Editor's Picks

Capri prepares to welcome residents to resort-style villa community on Isle of Capri
Buyers take advantage of WA stamp duty concessions as Incontro Subiaco apartments near 50% sold
Gold Coast buyers starting to think longer-term: Five minutes with SRQ Projects Director Nick Clydsdale
A "passion project" not to be repeated: Inside DJ Fisher's Pescado Palm Beach with Jayde Pezet
Why Danby Lane in Nundah is more than just a project for Gardner Vaughan Group: Five minutes with Sam Gardner