4 Primula Ave

Brooklyn VIC 3012

675 m²

House

Currently for sale - view listing

Overview

Existing Home With Development Potential In A High Growth Pocket

Set on approximately 656m² (approx), this original three bedroom home offers immediate rental income or holding potential while you plan your next move. Whether you're an investor, builder or developer, this is the type of property that gives you options from day one. The existing home provides a practical layout with scope to renovate, lease out or land bank while future plans are considered (STCA). For developers, the real opportunity lies in the ability to also secure the neighbouring vacant site at 2 Primula Avenue. Together, the properties create a substantial combined development site of approximately 1,356m² with concept drawings already prepared showing the potential for 8 double storey townhouses (STCA). Sites of this scale in Brooklyn are becoming increasingly difficult to secure, particularly with existing concept work already completed which helps buyers visualise the end value and future possibilities. Located within close proximity to Brooklyn Primary School, local parks, Altona Gate Shopping Centre, freeway access to the CBD, and the lifestyle hubs of Yarraville and Altona, the location continues to attract both owner occupiers and developers alike. Purchase individually, develop jointly, or secure both and control a rare large scale site in a suburb continuing to gain momentum