Coastal Land Sale Could Be Transformed Into Future 100-Lot Real Estate Development | The standard

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Prime coastal land in Warrnambool has been sold and could be turned into a housing estate for up to 100 units, according to a real estate agent. While any future plans for the site are subject to board approval, Ludeman Real Estate’s Mark Dwyer said the location was one of the last plots of land so close to town and the beach that had been up for sale. Mr Dwyer said the land owned by the Warrnambool Golf Club had been sold to a local businessman, subject to a contract being formalized, but he was unable to reveal the price until the signing of the documents. “At this point, it is zoned farmland and cannot be subdivided unless there has been rezoning,” he said. “I think there’s no question that the people who bought it are probably considering zoning the land along the trail.” Mr Dwyer said there were 10 expressions of interest three of which were cut and the golf club committee selected the winning bid on Wednesday. “These were three very good offers,” he said. Mr Dwyer said any potential new subdivision would have to be accessible via Swinton Street, as the flood zone would prevent it from joining the Mervue Estate. “I think you would have around 80 to 100 blocks on it,” he said. “It’s a great location. It’s probably one of the last available locations near town and the beach.” I don’t know of any other that you could buy that would be as good as this Mr Dwyer said farmland could not be dezoned while the rendering plant was still at Levy’s Point. Midfield Meats said last year that its rendering plant was affected with decommissioning. He said the proceeds from the sale would be used for OTHER NEWS: Now just one click away with our new app: Digital subscribers now have the convenience of having news faster, at their fingertips with The Standard: Our reporters work hard to provide local, up-to-date news to the community. Here’s how you can access our trusted content: Have you signed up for The Standard’s daily newsletter and news emails? You can sign up below and make sure you’re up to date with all that is happening in the Southwest.