The property was marketed with plans, but not a permit, for a subdivision yielding up to 2000 residential lots.
Bacchus Marsh has a train station and is therefore on the hit-list of government planners who have focussed on developing around existing transport hubs instead of building new ones.
Colliers International’s Theo George is expecting about $17 million for the estate which is spread over three titles and two suburbs: Bacchus Marsh, and Pentland Hills.
Redevelopment of farmland around Bacchus Marsh would see the suburb follow the direction of other former rural hotspots, including Melton and Sunbury nearby.
The state government is planning to build a roundabout at the intersection of Woolpack Road, demolishing up to 11 elm trees in the prominent 3.3 kilometre stretch of Bacchus Marsh Road, known as the Avenue of Honour.