Positioned in a quiet, well-established location, this prime corner property of 923sqm presents an exceptional opportunity for investors, developers and land bankers seeking to capitalise on future growth.
With zoning scheduled to change next year, the current corner duplex site has the potential to become a highly desirable corner quad development site (subject to relevant approvals), significantly enhancing its future value.
The property is improved by a solid three-bedroom home that offers immediate rental income or comfortable owner-occupancy while plans are made. Alternatively, explore the opportunity to subdivide the rear portion of the block (subject to approval) and renovate the existing residence, creating multiple avenues to add value.
For those with a long-term strategy, simply secure this outstanding corner holding and benefit from the anticipated zoning changes. Opportunities with this level of flexibility, strong development potential and future upside are increasingly rare.
Located close to Bayswater waves, walking distance to the new Morley train station, close to Morley Galleria and schools nearby.
For more information please call Aaron on 0417 931 604.
