Set on a massive 4,047m² (approx.) allotment, this unique property offers outstanding flexibility, immediate rental income and significant long-term development potential.
A preliminary site design has also been prepared, proposing 35 three-storey terrace townhouses, each comprising three bedrooms, two bathrooms, two-car accommodation and approximately 18 squares. This concept demonstrates the exciting potential of this substantial landholding, subject to council and all other relevant approvals.
Its location is second to none, positioned within both the proposed 800-metre walkable catchment of the future train station and the 400-metre core walkable catchment of the proposed town centre.
Positioned within the Clyde South PSP, which is well advanced, the property is ideally located to benefit from the area's future development. Development within the adjoining PSP is already filling out rapidly, highlighting the continued growth and demand across the broader Clyde corridor.
The existing home features four bedrooms, two kitchens, two living areas, three bathrooms plus a fourth toilet, making it ideally suited to extended families, multi-generational living or investors seeking potential dual-living arrangements and strong rental returns. A wrap-around verandah completes the home, which is currently leased to an excellent tenant, providing income from day one. Currently leased at $3,042 per calendar month.
Key features:
Four bedrooms
Two kitchens
Two living areas
Three bathrooms plus a fourth toilet
Potential for dual living
Wrap-around verandah
Quality tenant in place, providing immediate rental income
Strong rental return
Massive 4,047m² (approx.) landholding
Located within the well-advanced Clyde South PSP
Adjoining PSP experiencing rapid development
Preliminary concept for 35 three-bedroom terrace townhouses
Proposed townhouses feature two bathrooms, two-car accommodation, three storeys and approximately 18 squares each
Significant future development potential (STCA)
Outstanding investment opportunity with strong long-term growth prospects
All measurements, dimensions and development concepts are approximate and subject to council and other relevant approvals.
