Opportunities of this calibre are rare and highly sought-after, thanks to the prime location and exceptional flexibility on offer.
Set on an immense 1,105m² (approx.) allotment within a General Residential Zone - Schedule 1 (GRZ1), the property presents a world of potential. The impressive parcel allows you to explore outstanding development possibilities such as a low-rise apartment complex, a substantial townhouse project, or a dual occupancy venture (STCA). Currently occupying the block is an original three-bedroom, one-bathroom home with a vast backyard, offering immediate rental appeal to generate income while you plan your future.
The location enhances the opportunity, just moments from Bayswater's thriving heart with local buses, Bayswater Train Station, cafes, restaurants, and major shopping destinations including Mountain Gate, Westfield Knox, Heathmont Village, and Eastland. Quality schools, leafy parklands, and trails such as Dandenong Creek, Glen Park, and Marie Wallace Bayswater Park add further lifestyle appeal.
With demand for sites like this at a premium, act quickly to secure this exceptional chance before it passes you by.
Loci Real Estate has taken every precaution to ensure the information contained herein is true and accurate, however accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
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