Bayside specialist Evan Stewart of Hodges Brighton unveils a significant development opportunity in the up-market suburb of Caulfield South.
With existing residential properties ripe for development, separating those with economically and physically viable opportunities for capital improvement against the broader competition of standalone properties is an increasingly challenging task.
Particularly within the Melbourne marketplace, opportunities that offer a balance of realisable development options with that of highly sought-after, established locales are an increasingly rare commodity.
Unquestionably, 9 Steele Street, Caulfield South is one of the foremost examples of a project boasting such characteristics, with a number of competing uses available to interested parties, albeit developers, renovators or the traditional home purchasing demographic.
Situated across a 609 square metre parcel of land, including a generous 17 metre frontage, Steele Street presents as a single residential dwelling with approved council plans and associated permits for 2 luxury residences.
The proposal offers twin cutting-edge, state of the art architecturally designed homes each of which offer highly desirable living quarters, including 4 bedrooms, 3.5 bathrooms and dedicated entertaining spaces.
Deliberately designed to target the surrounding area’s high-end buying demographic with a mixture of streamlined timber, metal and brick materials, the project can be easily adjusted to suit the individuals budgetary and value positions, ensuring a level of versatility rarely captured in this end of the market.
“Given the shortage of quality development sites in the Bayside area in recent months, this site offers a significant opportunity for developers looking to kick start their 2017 calendar year on a high." Mr Stewart said.
For further information, including architectural renderings and existing land usage, please visit https://www.developmentready.com.au/properties/9-steele-street-caulfield-south-vic-3162 or contact Evan directly on 0421 887 852