33 King Street

Bayswater VIC 3153

995 m²

Land

Currently for sale - view listing

Overview

Prime RGZ2 Development Opportunity in the Heart of Bayswater

Opportunities of this calibre are increasingly rare. Occupying an impressive 995sqm (approx.) in the highly sought-after Residential Growth Zone (RGZ2), this outstanding development site presents an exceptional opportunity for astute developers to capitalise on one of Bayswater's most desirable growth locations. Surrounded by quality townhouse and apartment developments, the property offers outstanding scope for a substantial residential project (STCA), with the potential to create an apartment development of up to approximately 14 residences or a boutique townhouse project of up to five dwellings, reflecting the successful developments already established along this tightly held streetscape. Demand for quality new homes in Bayswater continues to strengthen, with both townhouses and apartments proving exceptionally popular thanks to the area's outstanding lifestyle, transport connectivity and everyday convenience. This is an opportunity to secure a premium landholding in a location where future growth is supported by strong buyer demand and ongoing urban renewal. Perfectly positioned for future residents, the property is within easy walking distance of Bayswater Train Station, Mountain High Shopping Centre, popular cafés, restaurants and Bayswater Secondary College. Just across the road expansive parkland, Bayswater Park Playground and sporting reserves provide an enviable recreational setting that further enhances the appeal of any future development. Adding even greater convenience, Westfield Knox, EastLink and major arterial roads are all just a short commute away, providing effortless access to Melbourne's CBD, Dandenong ranges and the Yarra Valley. This is a rare opportunity to secure a premium development site in an outstanding location, offering the scope to create an exceptional residential project and prosper in one of Knox City's most sought-after growth precincts. Proudly marketed by Barry Plant Rowville-Lysterfield - 9753 2828 Photo I.D Required at all inspections