14 Nelson Street

Balaclava VIC 3183

Land

Currently for sale - view listing

Overview

Prime Inner-City Development Site in Balaclava

An exceptional opportunity to secure a 381 sqm* vacant development site at 14 Nelson Street, Balaclava - offered as clear land and ready for immediate planning and design. Positioned within a tightly held pocket of Balaclava, this Residential Growth Zone (RGZ) allotment presents outstanding scope for higher-density residential development (STCA). The RGZ encourages increased housing diversity and scale, making this an ideal canvas for a contemporary townhouse or boutique multi-level project. With no existing dwellings on site, developers benefit from a clean, clear block with no demolition costs or holding complexities, allowing for a streamlined transition from acquisition to construction. Ideally located just moments from the vibrant Carlisle Street precinct, cafés, restaurants and public transport including Balaclava Train Station, and within easy reach of the CBD and bayside amenity, the address ensures strong end-user appeal and long-term capital growth prospects. Importantly, the property also comes with planning permit approval for six (6) well- designed three-bedroom townhouses, providing an immediate pathway forward for those seeking to capitalise on an already endorsed scheme. Vacant RGZ land in such an established inner-city location is increasingly rare. This is a premium, ready-to-deliver opportunity ideally suited to developers and astute investors. Photo ID required at all open inspections