One of Australia’s largest wood exporters has put 1600 hectares of blue gum plantations in Wandong up for sale, offering the land as an opportunity for developers.
The land between Kilmore and Wandong is being sold with a leaseback to the owner, Midway Limited, an exporter of Australia wood fibre and pulp to Asia, and is expected to pick up more than $20 million.
The land, marketed by Biggin and Scott Land, has the potential to be converted into rural residential subdivisions of 40 hectares each, once it has been cleared of all trees in seven to eight years’ time.
An indicative subdivision plan by Tract architects comprises 639-hectare Glenbane Park in Wandong, 420-hectare Overdale in Kilmore and 516-hectare Glenburnie in Kilmore East.
Within each subdivision, Glenbane Park could support about 15 40-hectare lots, Overdale about 10 40-hectare lots and Glenburnie about 12 40-hectare lots.
The Geelong-based company said in a statement the land in Melbourne’s high-growth Hume Highway corridor was well-suited for residential development.
Yea…. mind you this is a fire zone… the 1983 and 2009 fires wiped this area out and with the way things are going this is going to happen regularly…
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