Set across two titles on an expansive allotment of approximately 1,594m², this centrally located property presents a rare and lucrative opportunity for developers and investors seeking scale, flexibility and strong returns. Positioned within a Mixed Use Zone (MUZ) and boasting dual street frontages, the site offers exceptional potential for future development or redevelopment. (S.T.C.A)
The existing improvements include a well maintained building currently configured as a medical suite. Featuring ramp access, a welcoming reception area, four treatment rooms, a kitchen/lunchroom, a separate toilet and a laundry with direct access to the rear yard. A detached bungalow at the rear provides additional functionality with a bathroom and storage facilities.
Currently leased and returning $3,050.66 per calendar month (including GST) plus outgoings, the property provides a secure holding income. Its strategic location within walking distance of shops, schools, kindergartens and public transport ensures ongoing tenant demand and strong long term growth prospects.
With its generous land size, flexible zoning and income producing potential, this property represents an outstanding investment in one of Yarra Junction's most central positions. Opportunities of this calibre are seldom available! A perfect acquisition for developers or investors seeking to capitalise on the area's growth and secure their future in this thriving township.
For any building enquiries, please call the Shire of Yarra Ranges on 1300 368 333.
Disclaimer: All boundary lines shown in aerial drone images are approximate and for visual representation only. They do not constitute a legal survey or exact property measurements. Buyers are encouraged to verify boundary details independently.
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