329-347 Diamond Creek Road, Diamond Creek, Vic 3089

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