Opportunities with genuine redevelopment potential are becoming increasingly scarce, and 338 Piccadilly Street is one that developers and investors won't want to miss.
Positioned on a generous 1,012m² R30-zoned block, this property offers the exciting potential to clear the site and develop up to three new dwellings (subject to relevant approvals). With the zoning already in place, much of the groundwork for your next project has already been done—it's simply a matter of bringing your vision to life.
The existing home has had renovation works commenced but remains unfinished, making it an ideal candidate for those looking beyond the current improvements and focusing on the true value of the land. Whether you choose to complete the renovation, lease it while you plan, or maximise the site's redevelopment potential, the possibilities are substantial.
Property Highlights
• Generous 1,012m² block
• R30 zoning with potential for up to three dwellings
• Outstanding redevelopment opportunity
• Existing 3-bedroom home with renovation works already commenced
• Sunroom offering additional living space
• Formal lounge plus open-plan kitchen and dining
• 1 bathroom and 2 toilets (1 inside, 1 outside)
• Rear lane access
• Two sheds
• Walking distance to the CBD, schools, sporting facilities and public transport
• Council rates: $2334.17 approx.
Blocks of this size with established R30 zoning are becoming increasingly difficult to secure, making this an exceptional opportunity for developers looking to build, investors seeking future growth, or buyers wanting to unlock the full potential of a premium parcel of land.
The house may be the starting point—but the land is the real prize.
Contact Ella today on 0458 496 215 for more information or to arrange your inspection.
