First National Commercial Hall & Partners announce the exclusive listing of a prime commercial development site located at 64 Hutton Road, Keysborough, Victoria. This expansive 858,000 square metre (85.75-hectare) landholding offers an exceptional investment opportunity in Melbourne’s sought-after south-eastern corridor.

The property, currently zoned Green Wedge A, borders Melbourne’s Urban Growth Boundary and is ideally positioned 27 kilometres southeast of the Melbourne CBD within the Greater Dandenong LGA. Key surrounding infrastructure includes easy access to major arterial roads such as Eastlink, Monash Freeway, Dingley Bypass, and the Peninsula Link, making it an ideal location for future development.

While the property can presently be subdivided into 6-hectare allotments under existing planning, the real potential lies in future rezoning. If rezoned to Urban Growth Zone (UGZ), this substantial site could become the foundation for a world-class development, capitalising on its proximity to Melbourne's growth and surrounding residential developments like the nearby Waterways estate.

The property is offered for sale with an estimated price range of $65,000,000 to $71,500,000 million. Currently leased to a primary producer, it generates an annual net income of $18,000, with the sale being exempt from GST as a going concern.

‘This is a rare and exciting opportunity for savvy investors and developers alike, given the strategic location and the property's potential for future rezoning. Sites of this size, so close to Melbourne's Urban Growth Boundary, are increasingly rare and offer tremendous upside for those looking to create large-scale developments,’ said Vincent Golf of First National Commercial Hall & Partners.