Residential: Apartment Sites
DEVELOP ON A GRAND SCALE ON THE BEST BLOCK NORTH OF IVANHOE!
Let's declare it from the outset this is the development buy of the year!
Boasting concept drawings for a multi-apartment building (STCA) on a rare 1,275sqm (approx.) double block regarded as the best north of Ivanhoe, you'd be hard-pressed to find a better development site in a five-star location such as this (STCA).
Enjoying a favourable orientation for overshadowing and potential city views, it's the perfect site in so many ways. And when you factor in the dream location on the footsteps of 10 Hectares of green expanses in Ford Park which is undergoing significant funding and development. Across the road is Bellfield's exciting proposed community lifestyle precinct comprising of a multi-purpose community hub featuring a large commusnity garden, secure storage, BBQ facilities and play area, urban farm, retail shopping, parking and open spaces, you too will agree this is the buy of the year.
Two homes currently occupy both blocks and are currently generating a rental return of approximately $50,000 p/a, meaning you can generate a passive income whilst awaiting plans and permit approval from council or until you're ready to build.
An easy walk to multiple bus services and the Darebin Creek Trail and just minutes to Ivanhoe Shopping Strip, cafes, Restaurants, Heidelberg and Eaglemont train stations, the Heidelberg medical precinct, which includes both the Austin Repatriation Clinic and the Austin Hospital. It is also located within the Ivanhoe School zones and close to La Trobe University, it's every bit the opportunity of a lifetime
Remember to mention you found this property on DevelopmentReady.com.au