* Hamilton Valley’s prime englobo residential property is situated at 715 Centaur Road (also known as 742 Pearsall Street) Hamilton Valley NSW 2641. The property is rectangular in shape with an area of approximately 4.15 hectares (10.25 acres).
* The property offers dual street frontages each of approximately 150.4 metres with a northerly frontage to Centaur Road and a southerly frontage to Pearsall Street. The land has side boundaries of approximately 281.9 metres to the east and west.
* The land is ideally located in Hamilton Valley and may be accessed via both Centaur Road and Pearsall Street. The major arterial roads leading to the property are Burrows Road and Urana Road allowing access form Lavington and Albury respectively. The road distance of the property from the major Lavington Shopping Centre is 2.9 km and the road distance from the Albury Post office in the Albury CBD is 6.7 km.
* Hamilton Valley is the City of Albury’s major growth corridor to the north-west and provides the major alternative growth corridor to that of Thurgoona in the north east. Albury is experiencing an annual population growth rate of 1.7% which exceeds the national average. Albury’s residential growth in the coming decades is expected to push the City's population beyond 100,000 in the next 50 years.
* The land is zoned R1 – General Residential Zone under the Albury Local Environmental Plan 2010. The Albury City Council has prepared the Hamilton Valley Design Guidelines as part of the Albury Development Control Plan 2010. The primary role of the Design Guidelines is to deliver a framework for the future development of the Hamilton Valley growth corridor and to provide an urban development structure/pattern that will facilitate a coordinated approach to land development in the area.
* The planning instrument and the Hamilton Valley Design Guidelines identify the land as suitable for subdivision (subject to Council approval). Subdivision should be in accordance with the Hamilton Valley Lot distribution and Framework Plan subject to identified and justified variances. At the present time the new residential Sienna Ridge Estate which stands immediately adjacent to the subject property along Pearsall Street is in the process of being developed with many new lots in this estate having already been sold.
* The subject land stands adjacent to the Lavington Sports Ground complex which is destined to become one regional Australia’s most prominent sporting precincts following the recent announcement by the Albury City Council of the proposed Lavington Sports Ground Draft Master Plan. The Draft Master Plan provides for the total cost of the redevelopment of the sporting facilities of $9million that includes additional playing fields and new amenities building, major grandstand upgrades including new change rooms, function room, corporate and media facilities as well as upgrades to existing infrastructure. The proposed funding is from Albury City ($3.4m), the Federal Government ($4m) from the National Stronger Regions Fund, the Australian Football League ($250,000) and the NSW Club Grants program ($1m).