Zoned Residential 1 this rectangular property measures approx. 1,004sqm, with a frontage of approx. 20.77m to Somerville Street, and a depth of approx. 48.34m. Town services; being water, sewer, gas, telephone and NBN are available nearby.
The highly regarded and well established area is characterised by neighbouring properties that have been developed for modern townhouse living. It is an ideal option for investors, builders and developers seeking a project which will likely attract a high level of buyer and/or renter interest once completed.
There has previously been an approved planning permit (now expired) for the "DEMOLITION OF OUTBUILDINGS, ALTERATIONS TO THE EXISTING DWELLING, AND CONSTRUCTION OF 2 NEW DWELLINGS". The plans would have been to transform the existing dwelling into a modern four bedroom, two bathroom townhouse, with a double garage. As well as the construction of a two-storey, 2 bedroom, 2 bathroom, single garage townhouse to the middle of the block. At the rear would be a single storey, 3 bedroom, 2 bathroom, double garage townhouse.
Given the current state of the existing home, you may wish to secure the property and seek a new permit from Council to demolish the outbuildings and the home. If the property were to be returned to vacant land, you may be able to secure a new permit to build new townhouses including a potential fourth in the area in front of the existing home.
You may prefer to secure the property for a single modern residence, retaining or replicating the period style façade. Compliment your new home with landscaping, shedding, a pool, and outdoor living areas. You may also wish to create a dual occupancy (STCA).
The neighbourhood is also characterised by business / commercial uses which have been permitted under the Residential 1 Zone with access to Somerville Street. You may wish to contact the City of Greater Bendigo Planning Team to investigate the feasibility of obtaining a planning permit for a business use, with provision for your own private on-site carpark.
The property is within comfortable walking distance of central Bendigo, the Railway Station, and La Trobe University. Here you will enjoy close proximity to allied health services and pharmacies. As well as schools, child care options, Kennington Reservoir, supermarkets, specialty stores, gyms, cafes, playgrounds, and bushland. Comfortably walk or catch the bus to all that's on offer at Kennington Village, Strath Village and Strath Hill shopping and services.
A copy of the Due Diligence checklist can be found at https://www.consumer.vic.gov.au/duediligencechecklist
