Explore the Dual Living Opportunity and Development Upside
Step into a realm of unprecedented opportunity with this sprawling 1014 square metre land holding, offering a rare blend of substantial existing infrastructure and vast development potential.
The Existing Residence: Space and Privacy Defined
Nestled thoughtfully on the left side of this expansive block, a magnificent two-storey family home occupies approximately 45% of the total land area. Designed for large families or multi-generational living, the residence boasts an impressive configuration of five spacious bedrooms and three bathrooms. Its substantial size and strategic placement provide immediate comfortable accommodation, offering a private and established haven.
The Vacant Canvas: A Developer's Dream
What truly sets this property apart is the significant, clear area to the right. This vacant parcel, spanning approximately 55% of the total land area, presents a blank canvas rarely found in such a prime location.
A Deceptive Unity: One Title, Two Spaces
Upon inspection, you would be forgiven for perceiving these as two distinct and separate properties-the established home and the large vacant lot. However, the entire parcel remains united under a single title.
The Complete Parcel: Your Opportunity Awaits
The opportunity before you is to acquire this complete, 1014 square metre parcel. Crucially, the property is zoned R-ACO, placing it strategically on the very edge of the highly sought-after Riseley Activity Centre Structure Plan.
Myriad Options for the Astute Buyer:
This coveted zoning and prime location unlock a multitude of development options:
Immediate Development: Leverage the substantial vacant portion for a range of uses permitted under the R-ACO zoning, subject to council approval and the Structure Plan guidelines.
Retain and Enjoy: For the astute buyer prioritising space and lifestyle, the option remains to keep the entire parcel intact. Enjoy the extraordinary luxury of a huge backyard, room for extensive gardens, a pool, or ancillary buildings-a rare amenity in this thriving metropolitan location.
Holding Income: Live in or rent out the substantial existing five-bedroom home while planning and preparing for the future development of the vacant land, providing immediate financial utility.
This is more than just a property; it is an investment in location, space, and future growth, perfectly positioned to benefit from the ongoing evolution of the Riseley Activity Centre.
