18 Rushgate Street, Pakenham, VIC, 3810

This outstanding development opportunity will be a first for Pakenham and will undoubtable become a landmark building. With pre-sale opportunities already available, we are looking for a builder/investor to purchase this permitted site and build this fantastic opportunity.

This project will undoubtably excite our market and provide outstanding buying opportunities for investors and first home buyers, who are currently starved for opportunities to purchase now and into the future.

Our vendor has secured a permit to construct a 3 story, 42 apartment building, comprising 3 levels of 1-, 2- and 3-bedroom apartments, 2 levels of underground parking plus a sensational gardened roof top common area, all within walking distance to Pakenham Train Station, Main St shopping precinct and many other amenities.

This opportunity is being sold with a permit to build across 10 town house blocks, with a total land area of approx. 1,470m2. The design comprises approximately 3,617m2 of apartments, balconies and hallways, 2,414m2 of underground carparks, 815m2 of roof top gardens and outdoor entertaining area. There is also an internal lift.

Ready for you to have full working drawings and engineering done and then start construction, we can see the demand for this type of affordable living continuing to increase as our population grows and housing becomes harder to get.

Should you have any questions or to obtain a copy of the plans and permit, please contact the listing agent and we can email to you.

Remember to mention you found this property on DevelopmentReady