2, 3 & 4 Melaleuca Drive, Cheltenham, VIC 3192

Opportunities to secure nearly 5,000sqm* of land in prime Bayside are exceptionally rare, particularly in a precinct undergoing significant transformation and long term growth.

We are offering three separate allotments, available individually or as a combined landholding. The site benefits from Commercial 2 zoning, providing remarkable flexibility for a wide range of commercial, retail and hospitality uses, including hotels.

Current planning controls support development of around four levels, however, there is potential that the council may consider proposals of up to eight levels, subject to approval.

For owner occupiers, the opportunity is equally compelling. Purchase one, two or all three allotments and develop a purpose built facility tailored to your business, while securing a strategic landholding in one of Bayside's evolving commercial precincts.

Whether your objective is development, investment or owner occupation, this is a rare chance to acquire a substantial footprint in a location with strong future potential.

Key features include:

* Total land area: 4,840sqm*

* 3 allotments: purchase together or individually

* Commercial 2 zoning

* Broad use options

* Development potential: 4–8 levels (STCA)

* Changing precinct

* Owner occupier opportunity

* Strong land value upside

For further details or to arrange an inspection please contact:

Matt Nichols 0418 186 488

DISCLAIMER:

* All information and measurements are approximate and should not be relied upon as accurate. The stated net internal area of the premises is provided as an indicative estimate only and is not a substitute for carrying out precise measurements. Interested parties should refer to the Contract of Sale and/or Lease documentation for definitive details. All images are subject to copyright.

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