245 LOT SUBDIVISION - Excellent opportunity to purchase 50 acres of Res1 zoned land, with all services of electricity, gas, water, sewerage and telephone available. There is limited available land in Korumburra township ready for residential development. Korumburra is a strong country centre that services a thriving farming district. The subject property is located adjacent to existing residential development within 1.1km of the town centre. The land is currently used for farming purposes and has frontage of 580m to sealed Bena Road with topography that is easy undulating. Plans have been prepared that show the possible potential development into 200 residential lots together with a proposed retirement village of 45 dwellings. Alternatively some 220-225 standard sized residential lots could be developed. Korumburra is one of the towns identified by the State Government in the recent “Victorian Coastal Strategy”, for high growth residential development beyond existing town boundaries, ensuring that urban growth will be actively encouraged by government. Vendor terms negotiable.