** Please note: This property is currently leased. Please contact one of our agents prior to inspecting. **
Positioned in a tranquil pocket of Lilydale, this expansive 2,119m² (approx.) allotment offers a rare opportunity for developers seeking a project with approved plans and permits. The site is primed for the construction of eight townhouses, each featuring private garages and thoughtfully designed layouts.
Currently occupied by a charming three-bedroom, two-bathroom weatherboard home, the property provides immediate rental income or the option to renovate and extend, depending on your investment strategy. The existing dwelling is complemented by a double garage and ample off-street parking, ensuring convenience for future residents.
Key Features:
- Land size: 2,119m² (approx.)
- Approved plans and permits for 8 dwellings
- Zoning: Neighbourhood Residential Zone
- Current dwelling: 3 bedrooms, 2 bathrooms, double garage
- Prime location near Lilydale's amenities and transport links
Whether you're an experienced developer or an investor looking to capitalize on a high-demand area, 41 Albert Hill Road presents an unparalleled opportunity to create a sought-after residential development in one of Melbourne's most desirable outer-east locales.
Lilydale is renowned for its vibrant community, access to excellent schools, parks, trails and proximity to the Yarra Valley's natural beauty. This property is within easy reach of Lilydale Railway Station and buses and provides easy access to EastLink and Melbourne's CBD.
Disclaimer:
Noel Jones has taken every precaution to establish the accuracy of the information provided. Some images may have been digitally enhanced or virtually staged for presentation purposes. This material does not constitute any representation by the vendor or real estate agent as to the property's current condition or features. You should rely on your own inspection and enquiries to satisfy yourself of the condition and characteristics of the property.
