Positioned in a highly sought-after pocket of Mulgrave, this exceptional corner block presents an outstanding opportunity for investors, developers, and future-focused buyers alike. Whether you're looking to develop immediately, invest for the future, or landbank in a tightly held location, the possibilities on offer are both exciting and rewarding.
The existing residence comprises three well-proportioned bedrooms and one bathroom and is currently tenanted, providing an immediate rental income stream while you finalise your future plans. The corner block position further enhances the property's appeal, offering flexibility and excellent accessibility for future development opportunities.
Adding significant value, the property comes with approved plans and permits for two substantial family-sized residences:
- Unit 1: Approx. 29 squares
- 4 bedrooms, 2 bathrooms, double garage
- Unit 2: Approx. 31 squares
- 4 bedrooms, 2 bathrooms, secure double garage
Located within easy reach of quality schools, local shopping centres, parklands, public transport, and major arterial roads, this address delivers the convenience and lifestyle that continue to make Mulgrave a highly desirable suburb. Combining an established tenancy, approved plans and permits, and a premium corner allotment, this is a rare opportunity to secure a property with immediate income and significant development upside in one of Melbourne's most sought-after growth corridors.
