Ray White Commercial (RWC) has been exclusively appointed to offer this significant infill opportunity all in one line.
The corner allotment encompasses five individual lots, totally an elevated, development-friendly 3,799m2. The Residential Growth Zoning (RGZ) is highly sought after and allows for multiple existing strategies. Given the density of local lot sizes, it would be nearly impossible to re-create.
Major Benefits Include:
• Never to be repeated opportunity
• Residential Growth Zone - Schedule 1
• Multiple uses & Exit Strategies (STCA)
• Elevated land-holding
• Service lane running the length of the western development envelope
• Corner site with 130m* of frontage
• Total land - 3,799m2*
• 5 Established dwellings with short-term lease (10 months or less)
• Current collective income $145,911*
• Westfield Knox is 80m and less than 1min walking
• Nothing of similar size or upside has been available locally recently
The average apartment sale results locally (as of February 2024) is $621,000, and the average house price across Wantirna Sout is $1,300,000 for a single standalone dwelling.
Using these metrics linked with the location, upside available, and unique nature of the offering, buyers are well placed to build an exclusive opportunity that is difficult to replicate and capitalize on the lack of supply locally and across Victoria.
Please contact the agents below for further information or to book an inspection:
Ryan Trickey - 0400 380 438
Will Jonas - 0422 883 011
*All areas and figures approx only. All boundaries are indicative only. All precautions have been taken to establish the accuracy of all information, but this does not constitute any representation by the Vendor or Agents.
Remember to mention you found this property on DevelopmentReady
Download 1713756671-76648-statementofinformation-77gatesheaddrive-wantirnasouth-vic31521.pdf
