Promoting prime potential in the heart of Cranbourne, this approximately 751sqm rectangular allotment presents a lucrative opportunity for investors, builders and developers to capitalise on the site's exceptional convenience and establish higher-density dwellings (STCA). Nestled within the Activity Centre Zone Schedule 1, the property encourages higher-density residential development and complementary mixed-use options, including retail, commercial, education and community facilities (STCA).
Positioned on the block are two existing units, each comprising two bedrooms, one bathroom, a kitchen and a loungeroom, offering practical and low-maintenance accommodation with strong rental appeal. The dual-unit configuration provides excellent scope for holding income while considering future redevelopment or planning approvals (STCA).
The generous land size combined with its strategic zoning presents significant potential for redevelopment or multi-dwelling projects (STCA), making it an attractive proposition for developers and long-term investors alike.
Ideally located close to schools, shopping facilities, public transport and Cranbourne's central amenities, this property offers outstanding convenience and strong growth prospects in a highly sought-after location.
Call Matt Dewan 0416 638 019 to organise private inspection.
