An exceptional opportunity for builders, developers and astute investors, this substantial 624m2 landholding presents exciting redevelopment prospects within an established Narwee location. Zoned R4 High Density Residential, the property offers an attractive combination of development potential, land value and immediate investment appeal.
Boasting an impressive approx. 17-metre frontage, the property provides an opportunity to explore a range of redevelopment possibilities, including potential duplex, townhouse or higher-density residential development (STCA), subject to applicable planning controls and development requirements.
Currently occupying the site is a solid three-bedroom brick residence featuring two bathrooms and a lock-up garage. Offered with an existing tenancy in place, the property provides the added benefit of rental income while purchasers investigate future development opportunities.
Whether you are a builder seeking your next project, a developer exploring the site's possibilities or an investor looking to secure a strategic landholding, this versatile property presents an opportunity to capitalise on its R4 zoning and generous land dimensions.
Property Highlights
• R4 High Density Residential zoning offering redevelopment potential (STCA)
• Substantial 624m2 landholding with an impressive approx. 17m frontage
• Potential for duplex or other residential redevelopment opportunities (STCA)
• Brick residence comprising three bedrooms and two bathrooms
• Existing tenancy providing an established rental income stream
• Ideal opportunity for builders, developers, project managers and investors
• Potential to retain, renovate or explore redevelopment possibilities
• Attractive landbanking opportunity with holding income
• Convenient Narwee location with access to local schools, shops and public transport
• A compelling opportunity to secure a substantial R4-zoned landholding, benefit from an existing tenancy and explore its future development potential.
DISCLAIMER: While Ray White Riverwood has taken all reasonable care in preparing this information and has used its best endeavours to ensure its accuracy, it accepts no responsibility and disclaims all liability for any errors, inaccuracies, omissions or misstatements contained herein. Prospective purchasers should make their own enquiries and rely on their own investigations to verify the information provided. Some images may have been digitally enhanced, virtually furnished or otherwise edited for marketing purposes and may not accurately represent the property's current condition or furnishings
