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You've had your head to the ground, patiently waiting for that ripe development opportunity to hit the market. And here it is – a flat rectangular 836m2 (approx.) block in the heart of Springvale. Knock down the existing property and do as you wish, whether that's creating your dream family home or developing multiple units/townhouses. Knowing it's within GRZ3 medium density- which allows attached, semi-detached and three storey height townhouses - you're in the prime seat to reap the investment rewards (STCA).
The current property sits on the front portion of the land and consists of a lounge with gas heating, kitchen with dining room, three bedrooms and bathroom. Outside there is also a pergola with decking.
The property parcel is conveniently located within walking distance of Norman Luth Reserve, Killester College and Springvale City Hall, and is also in close proximity to Springvale Shopping Centre and other local amenities, including Springvale train station. With a number of large infrastructure plans in place for Springvale (for example, the Springvale Boulevard Project and the new Hyatt Place development), this is your rare chance to buy now and enjoy the long term capital growth that's sure to follow.
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