Development opportunity with approval for 2 townhouses

4 Banks Street, McCrae, 3938

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Contact for PriceFor Sale
  • Ownership Type Residential Land
  • Property Area 564 sqft
  • Bedrooms Shared
  • Bathrooms 0
  • Furnished No
  • Last Updated 4th Apr, 2021

Amenities

Feature that provides comfort, convenience, or pleasure
  • Full-Time Doorman
  • River Views
  • Common Roof Deck
  • City Views
  • Gym
  • Sauna
  • Open Views
  • Basketball Court
  • Pool

Property Overview

Situated in the picturesque foothills of the Arthurs Seat State Park, this vacant allotment offers outstanding development potential with approved plans and permits for 2 brand new double-storey townhouses. Just minutes to McCrae Plaza, boutique restaurants and cafes and the pristine waters of Port Phillip Bay, the 564m2 (approx.) block delivers a sought-after lifestyle in a quiet enclave where you will enjoy the tranquil sound of birdlife and easy access to spectacular national park trails.

The proposed residences offer contemporary, low-maintenance living with well-appointed kitchens, 2 living zones including an open-plan family/dining area, a private outdoor entertaining space and an entry-level powder room and laundry.

The 4-bedroom, 3-bathroom rear townhouse features a ground-floor guest suite, a generous master with a walk-in robe and ensuite, an upstairs study and remote double garage, while the front townhouse is a 3-bedroom, 2-bathroom home with a ground-floor master suite and a single garage.

A superb opportunity for investors or those looking to live in one and rent out the other, the site also provides a blank canvas for those looking to draw up their own plans and build the ultimate coastal escape (subject to council approval).

Close to Peninsula Link and all the region is famous for, this is your chance to secure a premium parcel of land and reap the rewards.

Location on Google Map

4 Banks Street, McCrae, 3938

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