329-347 Diamond Creek Road, Diamond Creek 63,000 m2

Subscribe to regular market updates. A significant parcel of land totalling 15.56 acres (approx.), on Melbourne’s urban fringe just 21km from the CBD, presents an incredible opportunity to acquire a blue-chip investment with strong returns and significant future capital growth potential. Bordered by Diamond Creek Road and Yan Yean Road - the property offers excellent land banking options for potential future subdivision (STCA), as well as a dynamic mix of tenancies ranging from child care, through to allied health and state parliament. Steeped in history, the site also boasts the original orphanage building designed by James Wardrop (architect for the Shrine of Remembrance), opened in 1929 by Lord Somers. A wonderful space for a myriad of future uses, or simply continue its current use as a multiple tenancy building. - Unique land holding on Melbourne’s urban fringe, of approx. 15.56 acres - Returning excess of $500,000 per annum rental yield (excluding GST) - Long-term leases in place to reliable tenants - Current Zoning RCZ3 - Rural Conservation Zone 3 - Possible subdivision potential in the future (STCA) - Dual access via Yan Yean and Diamond Creek Road - Near essential services - including major arterial roads - Moments from bus services, St Helena Marketplace - Close to Greensborough Train Station, and Shopping Centre - Cottage, private residence and 10 professional suites/rooms - Future-ready and positioned for growth and long-term success Inspection by appointment St Thomas the Apostle School 251 Diamond Creek Road Greensborough North Plenty Valley Montessori School St Helena Secondary College Wallowa Road Eltham North Diamond Valley Special Developmental School 14-24 Brentwick Drive Greensborough Glen Katherine Primary School Calendonia Drive Eltham North Greenhills Primary School Mine St Greensborough Apollo Parkways Primary School Civic Drive Greensborough Diamond Creek Primary School Clyde Street Diamond Creek Holy Trinity Primary School 94 Weidlich Road Eltham North Eltham North Primary School Wattletree Road Eltham North 25 Gipson Street Diamond Creek Ironbark Christian School Pioneer Road Yarrambat Diamond Creek East Primary School 129-163 Main Hurstbridge Road Diamond Creek Diamond Valley College 165-179 Main Hurstbridge Road Diamond Creek Briar Hill Primary School Gladstone Road Briar Hill Sherbourne Primary School Outlook Crescent Briar Hill Greensborough Primary School 130 Grimshaw Street Greensborough Morang South Primary School 77 Gorge Road South Morang Catholic Ladies' College Ltd 19 Diamond Street Eltham 210 Grimshaw Street Greensborough Greensborough Secondary College Nell Street Greensborough St Francis Xavier's School 90 Mayona Road Montmorency Watsonia Heights Primary School Henry Street Greensborough Eltham East Primary School Grove Street Eltham Plenty Parklands Primary School 48 Blossom Park Drive Mill Park Montmorency Primary School Rattray Road Montmorency Our Lady Help of Christians School 1-13 Henry Street Eltham Montmorency Secondary College Para Road (entry From Dobsons Road) Montmorency Strathewen Primary School Reynolds Road Wattle Glen Wattle Glen Primary School Reynolds Road Wattle Glen