This exceptional corner allotment property in the heart of Maryborough, VIC 3465, presents a rare and highly lucrative opportunity for discerning investors and developers. Located on a substantial landholding of approximately 1064 sqm, this offering combines immediate rental income with fully approved plans for future development, ensuring an outstanding return on investment.
The Existing Asset: Immediate Rental Income
The property currently features a charming and well-maintained 3-bedroom, 1-bathroom residence.
Corner Allotment: Situated on a generous corner block, offering excellent street appeal and dual access potential.
Solid Rental Potential: Currently leased, providing an income stream from day one while you plan and execute the next phase of development.
Highly Desirable Location: Positioned conveniently in Maryborough, appealing to a wide range of prospective tenants.
The Development Upside: Fully Approved Permits
What truly sets this property apart is the ready-to-go development opportunity with permits already secured, saving you crucial time and expense.
Approved Subdivision: Permits are in place for the subdivision of the corner block.
Construction Ready: Includes approved plans for the construction of a new, contemporary home on the Higham Street frontage.
Planned New Dwelling: The approved plans are for a modern 3-bedroom, 2-bathroom home, designed to meet the demands of today's market, maximizing future sale or rental potential.
Investor Highlights
Maximize Returns: Live in one, rent both, or rent the existing and sell the new build-the options are numerous to leverage the investment.
"Shovel Ready" Development: Skip the lengthy and costly permit process; you can hit the ground running with the development phase.
Strategic Land Banking: Secure a large land parcel with immediate use and planned future growth.
This is not just a house; it's a future-proof investment portfolio in one transaction. Seize the opportunity to secure immediate income while holding the keys to a valuable, approved development project.
Inspect today and unlock the full potential of 2 McKean Street!
