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388 Mount Dandenong Tourist Road

Sassafras, VIC 3787, Australia
$1.08m
5161m²

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Area Price Guide
$1.02m$1.14m

Indicative price guide range

🏘️
76
Comparable
📊
$1.05m
Area median
⚖️
+2%
vs median
📐
$209
Per m²
📏
5161 m²
Land
🗓️
1 week ago
Listed

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Schools · zoning · transport · traffic · noise · flood · bushfire · crime · development · heritage

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About this property

Residential and Commercial land opportunity! Nestled within the lush landscape of the Dandenong Ranges lies this coveted acre of land brimming with opportunity and beckoning those with entrepreneurial dreams. Presenting the last bastion of undeveloped commercial space in the iconic village of Sassafras, this rare gem emerges as a beacon for business ventures, offering a blank canvas for the right visionary to unlock its true value and create the enterprise you have been envisioning for so long. A 2-minute walk to Sassafras Primary School and Pre-School, and adjacent to iconic Miss Marple's Tea Room and Geppettos Workshop which enjoy strong trade from local residents and passing travellers, the allotment promises a harmonious blend of nature, community and commerce. The only untouched canvas in this bustling tourist hub, where every other plot has been claimed and developed, this is an opportunity that has not been seen for decades. Furthermore, there is scope to create something that adds value to Sassafras' vibrant community and has the potential to shape the town's future. It's about crafting a space that resonates with tourists and locals alike and leaving your mark on this charming town by creating something truly special. One of the most enchanting features of this property is its proximity to nature. The land backs onto state forest, offering a lush backdrop and a sense of tranquillity that is hard to find elsewhere. Picture a magical day spa overlooking the forest (STCA), where visitors can escape from their hectic lives and immerse themselves in nature's soothing embrace. Or perhaps envision a bustling retail complex (STCA) with ample parking space, attracting tourists and locals alike with its unique offerings. The choice is yours. The property is commercially zoned and in the 1990s, lapsed plans were drawn up for retail/shops, office/residential spaces and parking. The potential here is immense; all it needs is your innovative touch to bring these plans back to life or create something entirely new (STCA). At a Glance: Over an acre of undeveloped land in main street Sassafras (5161m2). Next door to iconic Miss Marple's Tearoom. Previous lapsed plans from the 1990s available for perusal. Suitable for office/retail space, hospitality venture/bakery/wine bar, day spa, medical/health premises, parking or a community establishment (STCA). Mount Dandenong Tourist Road frontage with easy access for tourists and locals alike. Footsteps from #688 & #694 bus stop. The townships of Olinda, Mount Dandenong, Kallista, The Basin and Upper Ferntree Gully are all a short commute. Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice.

Property Features

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    Repayment calculator

    $5,236/month
    $2,618 /fortnight
    Loan $864,000 at 6.10% over 30 years

    Upfront costs

    Deposit$216,000
    Stamp duty$59,400
    Conveyancing (est.)$2,000
    Total upfront$277,400
    Verify with VIC revenue office →
    Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

    Property Details

    Property Type
    land
    Listing Type
    For Sale
    Land Area
    5161m²
    Listed
    1 week ago

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