43 Westmoreland Rd

Sunshine North VIC 3020

627 m²

House

Currently for sale - view listing

Overview

Prime GRZ1 Development Opportunity with Holding Income

Secure a premium development site in one of Sunshine North's most tightly held pockets, offering exceptional future potential in the highly sought-after Residential Growth Zone 1 (GRZ1). Ideally positioned just moments from Victoria University, Sunshine's vibrant town centre, Sunshine Train Station, quality schools, parklands and public transport, this is a rare opportunity in one of Melbourne's fastest-growing precincts. Set on approximately 627sqm with an impressive 15.48m frontage and 39.62m depth, the property provides outstanding scope for a multi-townhouse or multi-level residential development (STCA). Adding to its appeal, the existing home is neat, well-maintained and currently leased at $460 per week, providing an immediate income stream while you finalise plans, secure permits or simply land bank for the future. The home comprises of 3 great-sized bedrooms, central bathroom, separate living room, well maintained kitchen and a single car garage. Whether you're a developer, investor or astute land banker, this is a chance to acquire a blue-chip site that combines strong holding income with outstanding long-term redevelopment potential in a location continuing to experience significant growth and buyer demand.