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Opportunities in this blue-chip locale, of this size, are incredibly rare and always highly desirable. In 2014, the council endorsed plans for 6 double storey townhouses (2 x 3 bedroom, 2 bathroom and 1 car, 4 x 2 bedroom, 2 bathroom and 1 car) and while these are no longer valid, it sets the scene for someone to either re-submit, re-design or simply land bank and take advantage of the current rental yield which currently stands at $840 per week.
On the land now is three dwellings, they are all leased on a month-to-month basis and would need substantial improvement should you wish to lease them on a long term basis. The location is extremely well serviced within an easy walk to Jubilee Park Sporting grounds, Heatherhill Road shops, Monash University, The Bulk Goods Precinct, The Frankston Hospital and Leawarra Train Station.
Please contact agent via email to get a copy of the endorsed plans, contract of sale and any other information.
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