Development Opportunity of the Decade!

Sitting on approx. 8,573m2 of flat, centrally ideally located land, this site offers council endorsed plans and an approved current permit to build 38 town houses. Comprising 26 x 3 bedrooms, 10 x 2 beds and 2 x 1 bed plus a multipurpose room (2nd bed), the site has already been cleared and fenced, ready for you to start building. <br/><br/>Most documentation, including soil test etc, is available to sit down and finalise working drawings and engineering. An approximate building costing quote is also available. Re-sale prices should comfortably exceed $20million in todays market, however with the market continuing to rise and due to a shortage of housing for both owner occupiers and renters, we expect these selling prices to continue to rise as time goes on. <br/><br/>Walking distance to the newly updated Pakenham train station and the Pakenham Central shopping precinct, you are only a 4 minute drive to the M1 freeway and Princes Hwy, providing direct access to the Melbourne CBD in about 40 minutes and Melbourne Airport in under an hour, off peek. <br/><br/>Demand for affordable housing is continuing to increase and the availability of land is low. Further, building materials and trades are now more available than the past few years, which is seeing costs come back a little, making this the perfect time to pounce and an opportunity like this. Yes, there should be a good profit margin available here, for the lucky purchaser.<br/> <br/>Documentation and further details available upon request. Please call the listing agent, Rod Capuano or email [email protected].