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Capitalize on a rare opportunity at 36 Wellington Road, Clayton. This strategically located allotment presents significant redevelopment potential within a highly desirable growth precinct.
Key Redevelopment Highlights:
• Land Size: Approximately 697m².
• Zoning: Residential Growth Zone 3 (RGZ3)
Location Advantages:
• Direct proximity to the Monash Medical Precinct, ideal for medical-related developments.
• Positioned directly opposite Monash University, this property presents an exceptional opportunity for student accommodation or complementary commercial ventures.
• Convenient access to Clayton's central amenities, including Clayton Station and the Clayton shopping and dining precinct.
• Accessibility to major arterial roads and freeways.
Development Potential:
• Situated within a zone that allows for various development options (STCA).
• Well-suited for potential townhouse, unit, or apartment complex developments, or medical facilities, subject to council approval.
Location benefits:
• Easy access to public transport, including bus routes, and proximity to Clayton train station.
• Close proximity to key amenities such as M-City shopping centre.
Currently undergoing renovations to be leased to a new residential tenant.
This site offers a compelling opportunity for developers and investors seeking to capitalize on Clayton's strong growth and demand, with short term income offsetting holding costs.
Remember to mention you found this property on DevelopmentReady
Capitalize on a rare opportunity at 36 Wellington Road, Clayton. This strategically located allotment presents significant redevelopment potential within a highly desirable growth precinct.
Key Redevelopment Highlights:
• Land Size: Approximately 697m².
• Zoning: Residential Growth Zone 3 (RGZ3)
Location Advantages:
• Direct proximity to the Monash Medical Precinct, ideal for medical-related developments.
• Positioned directly opposite Monash University, this property presents an exceptional opportunity for student accommodation or complementary commercial ventures.
• Convenient access to Clayton's central amenities, including Clayton Station and the Clayton shopping and dining precinct.
• Accessibility to major arterial roads and freeways.
Development Potential:
• Situated within a zone that allows for various development options (STCA).
• Well-suited for potential townhouse, unit, or apartment complex developments, or medical facilities, subject to council approval.
Location benefits:
• Easy access to public transport, including bus routes, and proximity to Clayton train station.
• Close proximity to key amenities such as M-City shopping centre.
Currently undergoing renovations to be leased to a new residential tenant.
This site offers a compelling opportunity for developers and investors seeking to capitalize on Clayton's strong growth and demand, with short term income offsetting holding costs.
Remember to mention you found this property on DevelopmentReady
Developments and amenities within a 5km radius of the asset.
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