4 McGahy Street

Templestowe Lower VIC 3107

837 m²

House

Currently for sale - view listing

Overview

A BLUE-CHIP INVESTMENT OPPORTUNITY – 837m2 DDO8 site

Build 3 luxury townhouses with endorsed plans and permits! This Blue-Chip Location to die for – Is just a stone throw away from Macedon Square Shopping Centre and 6–7-minute walk to the exclusive shops at Westfield Doncaster. So, when you have a chance to skip the queue and secure a large 837sqm (approx.) of prime DDO8 zoned allotment with endorsed plans and permits for 3 luxury townhouses with views, you know you’ll have to move quickly to secure this first-class development opportunity.) or Land Bank it! With all the time-consuming work involved, you can commence the building process the instant the keys to this property are in your hand! Once complete, your future development will stand within a short walk of Macedon Square, Manningham Medical Centre, Westfield Doncaster, city-bound buses and the Eastern Freeway/Eastlink — great for a quick commute into the CBD or the head down the sandy shoreline along the Mornington Peninsula. An existing single-level three-bedroom home currently occupies the block, and with a generous light-filled living area, spacious well-appointed kitchen, large, grassed backyard, and a bright family bathroom, you could lease out the home and line your pockets with income until you are ready to get construction underway. Desirably zoned for Templestowe College and Templestowe Heights Primary School as well as Private School Bus routes. This is a rare opportunity in a family-favoured locale, whatever you decide to do, you will reap blue-chip rewards for years to come. *Contact agent to view approved plans and permits to construct 3 townhouses.