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For Sale by Expression of Interest Information Memorandum EXECUTIVE SUMMARY

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For Sale by Expression of Interest Information Memorandum EXECUTIVE SUMMARY For sale by Expression of Interest Information Memorandum EXECUTIVE SUMMARY The land is zoned “General Certificate of Title Volume Residential Zone – schedule 1” 11409 Folios 082 & 116 33 Ha / 81.55 acres, available as sale Private sale M² 1 or in 2 lots ($E.O.I) PROPERTY FEATURES • Lot A1 – 24.86 Ha, Lot B1 – 8.140Ha • Available to be purchased now, or once the planning permit for 307 Residential allotments has been issued • Extension of the exceptionally popular Ellavale Park Estate; renowned for its open spaces, large allotments and peaceful, rural atmosphere • Over 460 lots already sold in Ellavale • Significant amount of infrastructure already in place • Traralgon is the largest and fastest growing city in the greater Latrobe Valley urban area (population of 75,000*) major regional hub of the Gippsland region and only an 1 hr 45min drive from Melbourne SUBJECT SITE The site is located on the eastern edge of Traralgon’s urban area, adjacent to the extremely popular and successful ‘Ellavale Park Estate” residential subdivision.. PROPERTY DETAILS The site comprises two existing allotments more particularly described as Lots A1 and B1 on plan of subdivision 64413R, being land contained in Certificates of Title Volume 11409 Folios 082 and 116. A copy of the certificates of title is contained in Appendix 2. The site is irregular in shape, with a total area of approximately 33 hectares. It fronts Ellavale Drive partially alone its Western Boundary, with the remainder having an abuttal to an existing drainage and recreation reserve. Along its eastern boundary, the site has an abuttal to the western end of both Mahogany Drive and Nicholi Drive. Views of the distant mountain ranges to the north-east of Traralgon can be seen from various vantage points across the site. The southern portion of the sites provides views of the adjacent rural residential estate to the south and south-west. TRARALGON Traralgon is a town located in the east of the Latrobe Valley in the Gippsland region of Victoria, Australia. The urban population of Traralgon at the 2011 Census was 24,590. It is the largest and fastest growing city in the greater Latrobe Valley urban area, which has a population of more than 75,000 and is administered by the City of Latrobe. Traralgon is part of the Latrobe Valley tri-city urban area, a small area of industry and agricultural land separates it from neighbouring Morwell. Greater Traralgon includes localities such as Traralgon, the suburb of Traralgon East and satellite localities of Hazelwood and Traralgon South to the south, and Tyres and Glengarry to the north. The Traralgon central business district is centred around Seymour and Franklin Street and includes an indoor shopping centre – Stockland Traralgon, however, commercial and light industry sprawl along most of the eastern stretch of the Princes Highway. Notable heritage buildings include the Post Office and Courthouse erected in 1886 and Ryan’s Hotel erected in 914, both in Franklin Street. The economy is primarily driven by primary industry, natural resources and secondary industry including coal mining, processing and fossil-fuel power generation for the National Electricity Marketing. Along with electricity production, Traralgon benefits form the mining for oil and natural gas in the nearby Bass Strait fields. A significant forestry industry operates including logging of both plantation and natural forest timber, The largest papermill in Australia is located nearby in Maryvale and provides local employment for over 2,000 people. The local agriculture industry is involved in the production of wool and dairy products, as well as vegetable growing. The tertiary sector of the economy is also important for employment with major government administration offices for the Australian Securities and Investments Commission (ASIC) and health services. GIPPSLAND Gippsland is an economic rural region of Victoria, Australia, located in the south-eastern part of that state. It covers an area of 41,556 square kilometres (16,045 sq mi), and lies to the east of the eastern suburbs of Greater Melbourne, to the north of Bass Strait, to the west of the Tasman Sea, to the south of the Black-Allan Line that marks part of the Victorian/New South Wales border, and to the east and southeast of the Great Dividing Range that lies within the Hume region and the Victorian Alps.[2] Gippsland is generally broken down into the East Gippsland, South Gippsland, West Gippsland, and the Latrobe Valley statistical divisions. As at the 2016 Australian census, Gippsland had a population of 271,266, with the principal population centres of the region, in descending order of population, being Traralgon, Moe, Warragul, Morwell, Sale, Bairnsdale, Drouin, Leongatha, and Phillip Island. TRARALGON LATROBE VALLEY Latrobe City is located approximately 150kms east of Melbourne and is one of Victoria’s major regional centres. It covers an area of 1,426sqm and at the 2011 Census has a population of 72,395. The region is made up of four central towns; Churchill, Moe-Newborough, Morwell and Traralgon. Latrobe City is less than two hours’ drive from Melbourne from the Melbourne Airport along the M1 (Princes Freeway). The V/Line train also runs hourly services between Melbourne and Traralgon. Other Industries in the area include food processing, engineering, post-secondary education with the new Federation University Australia and the service sector. Being the largest population centre in the Gippsland region. Latrobe City provides excellent opportunities for investment. New and existing investors have access to skilled workforce, strong road and rail transport links, natural resources, established electricity infrastructure, locally based education institutions and affordable land prices. Latrobe Valley Population growth APPENDIX LEGEND Title boundary (approx.) Internal title boundary (approx.) Existing Council reserve Stage boundary X Stage number Existing contours (1m interval) 46 17.97 45 68.82 44 986m² 714 Lots 9.92 44 Investigate acoustic 13.57 45 31.25 49.10 11.72 715 measures to mitigate GIPPSLAND 16RAILWAY 29.37 46 806m² 18 Unencumbered passive open space Potential noise levels 713 28.85 47 16 712 36.84 45 16 45 3.31 Drainage 44 711 716 45 16 12.19 12.72 620m² 43 710 995m² 18 16 Drainage 42 45 Drainage reserve Reserve 709 720m² 36.40 16 45 42 708 5.09 16 16 810m² 717 Reserve 707 45 15.23 582m² 16 47 0.07ha 16 720m² 16 706 45 16 720m² 18 36.40 Potential drainage reserve 0.07ha 43 705 45 16 720m² 16 704 45 16 718 43 582m² 16 703 720m² 16 45 16 8.35 44.52 720m² 42 702 16 36.40 41 701 42.75 720m² 36.92 48 16 16 39.67 818 Creek reserve 35.26 718m² 817 582m² 40 16 729m² 16 8.71 700m² 29.01 21.15 41 16 661m² 36.40 49 601m² 2.11 18.01 40 13.9 16 16.1 7 16 819 18.01 719 816 582m² 42 3.98 12.62 16.3 640m² 16 Existing tree to be retained 16 16.01 720 39.72 44.96 36.40 16.01 721 39.12 40 43 16 50 0.20 722 777m² 16 820 15.8 38.51 815 582m² 16.05 723 710m² 640m² 16 44 16 37.97 45 15.59 16.19 16.38 0.83 724 699m² 36.40 Existing tree to be removed 46 18.16 37.43 725 9.90 40 47 18.02 37.47 612m² 18 726 16 6.11 27.02 814 19.35 821 727 37.74 603m² 18 640m² 754m² 9.90 728 38.64 15.36 16 729 40.80 4.24 18.88 40 16.01 601 42.77 598m² 12.50 12.50 11.69 9.48 43.77 603m² 16 810 13.57 51 16.01 602 609m² 15 5.92 44.47 16 811 634m² 809 38.69 9.25 603 670m² 812 6 808 44.94 43.98 779m² 16 813 MAHOGANY DRIVE 604 10.05 38.09 16.07 807 43.39 797m² 781m² 33.19 38.09 32 32.01 806 29 8 20.12 605 42.81 708m² 646m² 405m² 16.07 805 38.09 400m² 699m² 16.07 609m² 0.88 476m² 11.69 14.06 804 38.09 4.24 22.43 51.18 4 12.1 12.57 690m² 39.05 609m² 11.62 39.26 803 606 18 7.79 12 43.41 7.14 822 902m² 802 40.59 4.24 609m² 16 15.33 697m² 16 23.19 776m² 801 42.12 614m² 16 16 43.65 616 637m² 16 36.40 16 662m² 14.5 27.71 615 45 16 16 30.39 16 614 686m² 823 11.71 45 16 582m² 607 393m² 613 801m² 16 45 52 12.62 12.50 16 612 810m² 4.24 36.40 31.99 45 16 611 720m² 12.94 45 29 12.50 917 1.31 18 44 608 400m² 720m² 826 455m² 45 15.94 12.50 12.50 11.19 16 720m² 18 506m² 36.40 32 720m² 16 18 32 Passive 918 12.50 14 609 400m² 46.84 16 16 827 32 455m² 12.50 12.50 32 834m² 12.50 Council 16 16 40 825 36.40 828 14 448m² Open 40 16 16 12.50 919 Reserve 829 14.5 12.50 455m² 16 40 11.92 610 467m² 32 20.73 12.50 4.24 13.50 830 640m² 824 4.59 12.50 16 40 Space 36.40 16.01 13.1 617 720m² 400m² 32 12.50 18 40 12.50 920 618 640m² 455m² 40 14.5 18 619 916 12.50 640m² 16 12.50 0.50ha 36.40 18 620 40 400m² 640m² 32 921 6 12.50 18 40 6.42 14 53 9.34 621 640m² 455m² 16.01 13.06 16 16 40 913 12.50 Drainage 4.24 622 915 640m² 36.40 43.94 16 912 14 480m² 40 448m² 12 624 922 16.12 720m² 12.37 623 16 911 43.94 12.50 455m² 40 720m² 32 Reserve 43.94 12.50 32 16 513 914 720m² 703m² 36.40 43.94 512 15 476m² 14 448m² 4.07 16 14 625 42.40 791m² 4.51 18 18 511 43.94 923 0.36ha 881m² 24.51 582m² 16 43.94 703m² 18 16 510 32 16 16 43.94 703m² 36.40 448m² 509 14 18 501 14 54 28.06 43.94 703m² 14.5 16.66 16 508 12.81 6.27 6.24 924 16 4.24 15.39 43.94 703m² 7.24 12 582m² 32 507 16 9 16 25.39 43.94 703m² 906 400m² 506 16 905 36.40 43.94 12.5 502 Passive 12.5 791m² 18 904 505 16 43.80 703m² 16 18 925 32.99 35.67 36 32 16 907 36 655m² 703m² 16 18 33 Open 43.70 503 400m² 18 908 432m² 12.5 12.5 449m² 773m² 16 40 42.79 16 909 535m² 36.40 893m² 16 40 12.50 32 910 12.50 Space 16 936m² 16 55 16 40 15 926 10 514 40 582m² 504 545m² 16 14.55 8.54 16 40 720m² 4.24 16.08 26.12 515 640m² 18 16 40 14.05 0.32ha 4.77 24.29 903 720m² 36.40 516 640m² 18 16 40 18 25.17 16 517 640m² 927 16 40 16 582m² 5 518 40 16 640m²
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