Why we're obessed with 20 Chelsea Road, Chelsea:
Set on 636m², this property represents a genuine townhouse / multi-dwelling opportunity (STCA) in a location already demonstrating strong redevelopment outcomes.
The site is currently occupied by an original 3-bedroom, 1-bathroom residence.
Importantly, four new residences were completed on the adjoining site in 2019, reinforcing the area's suitability for higher-density residential development and the strong end-buyer demand for quality new homes in Chelsea.
According to the vendor, the site may support building heights of up to 11 metres (STCA), providing additional flexibility for developers seeking to maximise the site's potential.
More to Know:
-636m² allotment
-Prime Chelsea Road frontage
-Meters away from the beach
-11 metre height potential (STCA)
-Adjoining site successfully developed with 4 new dwellings (completed in 2019)
-Walking distance to Chelsea Station, shopping precinct, schools and the beach
-Strong resale demand for new townhouse product in the area
-This is an excellent opportunity for developers, builders and project investors seeking their next bayside acquisition.
So, can you picture it? Get in touch with Dimitri Koptis or Ashley Patane and organise a viewing today.
Disclaimer: OBrien Real Estate has prepared this information in good faith based on information provided by third parties and has taken reasonable care to ensure its accuracy. However, OBrien Real Estate cannot guarantee the accuracy or completeness of the information. Prospective purchasers and renters should make their own enquiries to verify the information contained herein. Certain images may have been digitally enhanced or virtually styled for presentation purposes.
