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Expressions of Interest
Zoned LMR2/3 Storey mix- with Commercial Upside
This high-exposure site offers a prime redevelopment opportunity, ideally positioned on 810sqm* across two titles with flexible zoning and strong fundamentals for immediate or future value creation.
Highlights:
• LMR2/3 Zoning (Low-Medium Density Residential) - Potential for 5-6 townhouses (STCA)/Rooming accommodation
• Existing commercial building (135sqm*) offers holding income with current tenancy (can be used for Accounting practice, Office space, Medical, Dental, Allied health, Physio etc)
• Potential for mixed-use redevelopment combining residential with commercial/retail (STCA)
• High-profile location with excellent signage and street presence
• Ample onsite parking - up to 15 vehicles currently
• Minutes to major Tunnel Network, key arterials, and public transport
• Sold as going concern - reduce holding costs with existing income stream
Development Upside :
With a generous land size and LMR2 zoning, this site presents an ideal townhouse development site - preliminary assessments suggest a yield of 5-6 townhouses (STCA). Ability to generate income while planning, thanks to the existing commercial tenancy - a valuable edge in today's market.
Feel free to call Sid Arora on 0469831089 or email [email protected]
Remember to mention you found this property on DevelopmentReady
Expressions of Interest
Zoned LMR2/3 Storey mix- with Commercial Upside
This high-exposure site offers a prime redevelopment opportunity, ideally positioned on 810sqm* across two titles with flexible zoning and strong fundamentals for immediate or future value creation.
Highlights:
• LMR2/3 Zoning (Low-Medium Density Residential) - Potential for 5-6 townhouses (STCA)/Rooming accommodation
• Existing commercial building (135sqm*) offers holding income with current tenancy (can be used for Accounting practice, Office space, Medical, Dental, Allied health, Physio etc)
• Potential for mixed-use redevelopment combining residential with commercial/retail (STCA)
• High-profile location with excellent signage and street presence
• Ample onsite parking - up to 15 vehicles currently
• Minutes to major Tunnel Network, key arterials, and public transport
• Sold as going concern - reduce holding costs with existing income stream
Development Upside :
With a generous land size and LMR2 zoning, this site presents an ideal townhouse development site - preliminary assessments suggest a yield of 5-6 townhouses (STCA). Ability to generate income while planning, thanks to the existing commercial tenancy - a valuable edge in today's market.
Feel free to call Sid Arora on 0469831089 or email [email protected]
Remember to mention you found this property on DevelopmentReady
