23 Follett Rd

Cheltenham VIC 3192

599 m²

House

Currently for sale - view listing

Overview

Prime Corner Allotment with Development Potential in Cheltenham's Golden Triangle

Positioned on a desirable corner allotment in the highly sought-after Golden Triangle pocket of Cheltenham, this substantial landholding presents an outstanding opportunity for developers, builders and investors looking to secure a prime site with future potential. Occupying approximately 599sqm (approx.), the property offers excellent flexibility for those considering a new home build, multi-dwelling development or long-term land banking opportunity (STCA). The prominent corner position enhances accessibility and design possibilities, making it particularly attractive for those looking to maximise the site's potential. Adding further appeal for investors or future developers, the property is currently tenanted, allowing purchasers the option to retain the rental income while finalising plans and permits, creating a practical holding solution while preparing for the next stage. The location further strengthens the opportunity. Directly opposite a small group of local shops, the property enjoys everyday convenience along with easy access to Cheltenham Train Station, Westfield Southland, local parks, schools and major road connections, placing it firmly within one of Cheltenham's most connected pockets. Whether you are looking to build your dream home, explore development potential or secure a well-positioned investment with strong future upside, this is a compelling opportunity to capitalise on a corner site in a suburb that continues to grow in demand. PLEASE NOTE: *Every precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the vendor or agent. * Photo ID required at all open for inspections