Residential: Apartment Sites, Townhouse Sites
UNIQUE CHANCE FOR TWO TITLES
$2,000,000 - $2,200,000
Expressions of Interest - All offers close Tuesday 24th September at 5.00pm (Unless sold prior)
Fantastic development option is on offer on approx. 617m2 with 19.3m frontage, ROW access and two titles (STCA). Perfect for a multi-unit apartment site or townhouse development it is a rare opportunity in a highly sought after Thornbury pocket within the coveted Northcote High School zone. Currently comprising three and two bedroom period homes investors will appreciate the potential for an income stream now while seeking plans and permits for their vision, or take advantage and land bank for solid long term gain.
Families, renovators and builders have the option to move into one and explore lease, modernisation and rebuild options of the other. Appeal is heightened by favourable placement within a Residential Growth Zone (RGZ). Add to that the convenience of the St Georges Road bike path and tram service at your door, walking proximity to Northcote Golf Club, Croxton train station, High Street shops and cafes plus Thornbury Primary School and the future looks nothing but bright. Approximate property credentials include an area of 377m2, 11.8m frontage for the three bedroom house at 347, the other 240m2, 7.5m and two bedrooms respectively. All structural changes are subject to council approval.
Remember to mention you found this property on DevelopmentReady.com.au