Positioned in a highly convenient central Cranbourne location, 44 Lyall Street presents an exceptional opportunity for developers, investors and land bankers seeking a strategically located development site with strong future potential.
Set on approximately 777m² of flat, rectangular land, the property is located within the Activity Centre Zone (ACZ)and comes with a 5-townhouse planning application currently before Council.
The current proposal comprises:
2 double-storey townhouses
3 triple-storey townhouses
This gives prospective purchasers a valuable head start in the planning process. Subject to Council and relevant authority approval, a future purchaser may also explore amending the current proposal to potentially accommodate up to 8 townhouses, depending on design, planning controls and Council requirements.
With approximately 15.2 metres of frontage and a depth of approximately 51 metres, the site offers excellent dimensions for a higher-density residential development.
Key Features:
* Approx. 777m² of prime central Cranbourne land
* Flat and rectangular allotment
* Approx. 15.2m frontage x 51m depth
* Located within the Activity Centre Zone (ACZ)
* Townhouse planning application currently before Council
* Current proposal includes 2 double-storey and 3 triple-storey townhouses
* Potential for a purchaser to explore amendments for a higher-density outcome, potentially up to 8 townhouses, subject to Council approval
* Strong residential development potential
* Potential commercial or mixed-use opportunities may also be available subject to planning approval
* Excellent opportunity for developers, investors and land bankers
Outstanding Central Location:
The property is positioned close to some of Cranbourne's most important amenities.
Shopping & Dining:
Within walking distance of **Cranbourne Park Shopping Centre**, local shops, supermarkets, cafés, restaurants and essential services.
Education:
Conveniently located near established schools and education facilities including Casey Grammar School, Cranbourne Primary School, Cranbourne Secondary College, St Peter's College and Chisholm Institute Cranbourne Campus.
Transport:
Excellent access to **Cranbourne Train Station, local bus services and major arterial roads, providing convenient connections throughout Melbourne's south-east.
Lifestyle & Recreation:
Close to Royal Botanic Gardens Cranbourne, Casey Stadium, Cranbourne RACE, Cranbourne Library, local parks and recreational facilities.
A Development Opportunity with Planning Already Underway
The key advantage of this site is the planning work already in progress.
With a 5-townhouse proposal currently before Council, including double-storey and 3 triple-storey residences, purchasers can either continue with the current application or investigate an amended higher-density design, potentially increasing the development to up to 8 townhouses, subject to all required approvals.
For developers seeking a centrally located Cranbourne site with planning momentum already established, 44 Lyall Street is an opportunity not to be missed.
Contact Family Realtors today for further information, planning documents and details regarding the current Council application.
The current 5-townhouse proposal is subject to Council and relevant authority approval. Any reference to a potential 8-townhouse development is indicative only and would require amendment and approval by Council and other relevant authorities. Buyers must undertake their own due diligence regarding planning, zoning, development potential, measurements and permitted uses.
NOTE: link for Due Diligence Checklist:
http://www.consumer.vic.gov.au/duediligencechecklist 📸
PHOTO ID REQUIRED AT ALL INSPECTIONS
Disclaimer: Every care has been taken to verify the accuracy of the details in this advertisement; however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves of any pertinent matter.
