Altona North site listed for $40m as plan earmarks 395 new homes

A site formerly occupied by Toyota at 200-214 Blackshaws Rd, Altona North, is for sale. Picture: Colliers. A large site in Melbourne west’s formerly owned by Toyota has hit the market with a chance a $40m sale could see it turn into a new housing hot spot. The Japanese car giant sold the 5.3ha Altona North property, occupied by warehouses and offices, in 2020. Since then, a Victorian government master plan designed to guide long-term development of the broader area has earmarked the 200-214 Blackshaws Rd address to include a future town centre featuring a supermarket, other retailers, cafes and up to 395 residences. RELATED: Historic Williamstown waterfront dining site hits market with $5m auction hopes Landmark Geelong CBD site hits market for $7m-plus Christian Brothers list historic $25m Parkville estate While there’s currently no development plans in place for this to be built, its inclusion in a masterplan means it is the preferred option for the any future development. Under the masterplan, the property sits within a wider 67ha precinct designated for 3000 new homes. Commercial real estate agency Colliers’ Tim McIntosh and Jozef Dickinson have the listing, named the Altona No...