An outstanding opportunity presents itself with this prime property, complete with planning permit approved for four architecturally designed townhouses on approximately 700sqm of land. Ideally positioned in a thriving and highly sought-after pocket, it's a rare chance for developers, investors, or astute buyers to secure a project with significant future growth potential.
The existing residence offers three generous bedrooms, a central bathroom, a spacious backyard, and a wide side driveway leading to a garage. Currently leased, it delivers a
reliable rental return while you prepare for future development (STCA).
A versatile mix of modern townhouses:
*-Townhouse 1: 3 bedrooms, 2 bathrooms, 1 garage with private driveway
*-Townhouse 2: 2 bedrooms, 2 bathrooms, 1 garage
*-Townhouse 3: 2 bedrooms, 1 bathroom, 1 garage
*-Townhouse 4: 3 bedrooms, 2 bathrooms, 1 car space
Superbly located within walking distance to Summerhill Shopping Centre (approx. 400m) and just moments from Northland Shopping Centre, Broadway shopping strip, Reservoir Station, La Trobe University, and Tram 86, the property ensures lifestyle convenience and excellent rental appeal.
Whether you choose to develop or landbank for the future, this is a rare offering in one of Reservoir's most desirable locations.
Currently leased month to month and return $26,076 p/a
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While every effort has been made to ensure the accuracy of the information provided, Ray White Thomastown does not accept any liability for errors or omissions. Interested parties are advised to conduct their own investigations to confirm all details, including land size.
