Blue Chip Development Opportunity 1384sqm with 2 Street Frontages
Sale by Closing Date: Friday 10th December at 5:00pm
What's your vision for this unbelievable block measuring 15.24m x 90.83m equalling a total 1384 sqm of prime real estate with rear access via the already beautified Dodds Lane giving you even greater opportunities for future development. Subject to council approval and VCAT decision, the options are endless with this exciting opportunity and may include:
* Await for the VCAT decision which was adjourned with no decision until early 2022 for the application for 6 architecturally designed 2 bedroom double story town residences (request for plans and Information)
* Go back to the drawing board and come up with your own plans potentially for 5 larger, 3 bedroom town residences (STCA)
* Land bank the property for the future and continue lease out the existing currently leased for $400 per week
* Build your dream home at the front of the block and develop multiple townhouses at the rear (STCA)
* Subdivide into 2 separate large house allotments (STCA)
* Renovate existing home and develop multiple townhouses at the rear (STCA)
* Build one huge McMansion on the property and be the king of Chelsea
Currently home to an original but neat & tidy BV classic offering 3/4 bedrooms, formal L-shaped lounge dining, kitchen/meals area, separate laundry & central family bathroom. Brilliantly located to Bicentennial Park, great shopping precincts, schools, train, golf course, wetlands/walking tracks, Patterson River & gorgeous beaches.
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