A Melbourne family stands to make up to $80 million from the sale of a cattle farm in the growth corridor behind Caroline Springs in the city’s north-west.
The farm spanning three titles and 214 hectares along Mickleham Road between Mount Ridley and Donnybrook roads is expected to be keenly sought after by large greenfield developers.
Title documents show the land belongs to descendants of the local Cocking family and could potentially house up to 2000 dwellings.
Marketing agent Biggin & Scott Land’s Frank Nagle said the site was ‘‘the last major parcel in Melbourne’s north’’.
The land is the largest block to come on to the market this year following huge demand for sites in 2015.