84-96 Narracan Drive Drive, Newborough, Vic 3825

3 Ollerton Avenue & 84–96 Narracan Drive, Newborough 

VicAcres and Melbourne Commercial Group are proud to present this rare dual-site opportunity in the heart of Newborough, adjacent to Moe – one of Gippsland's most actively developing precincts. Available individually or as a combined holding, these sites offer significant development scale, strategic zoning, and flexibility across multiple asset classes.

Key Highlights
3 Ollerton Avenue, Newborough

Land Area: 40,712 SQM*

Zoning: Mixed Use Zone (MUZ)

Existing Improvements:

Main Hospital Building – Approx. 13,651 SQM*

Former Nurse Quarters – Approx. 3,118 SQM* (currently leased to multiple tenants, providing holding income)

Suitable for redevelopment into aged care, education, medical, residential, or commercial projects (STCA)

Substantial infrastructure in place, supporting adaptive reuse or staged development strategies

84–96 Narracan Drive, Newborough

Land Area: 22,677 SQM*

Zoning: Neighbourhood Residential Zone – Schedule 4 (NRZ4)

Vacant residential infill site ideal for subdivision or integration into a broader masterplan (STCA)

Strategic Location & Growth Potential
Approx. 130 km from Melbourne CBD, with direct access via the Princes Freeway (M1)

Surrounding Investment Activity:

Over $35 million in projects at Moe Business Park, including premium industrial warehouse units

Multi-million dollar upgrade underway at Moe Plaza, revitalising retail in the region

Public & Government Infrastructure Projects:

$7.5 million Moe Revitalisation Project including upgrades to the rail precinct and public amenities

$2.5 million New Volunteer CFA Station in Newborough improving emergency response infrastructure

Planned road upgrades via PAO2 overlay to support regional connectivity and growth

Strong Residential Momentum with nearby estates such as Monash Views and Narracan Lakes

Proximity to Amenities: Lake Narracan, Old Gippstown, Lowanna College, and Moe train station

Available via Expression of Interest Closing 23/7/2025 at 3PM (Unless Sold Prior)

For further information, please contact the exclusive selling agents:

Rory De Polo
0432 144 224

Tim Kraskov
0490 912 293

Milton Tsaktsiras 
0411 516 466