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When it comes to location, it's hard to beat this!
Situated in Clayton's highly-coveted Residential Growth Zone - within easy walking distance of Clayton Station, Clayton Shopping Plaza, Monash Medical Centre and Monash University - this side-by-side double block measures a whopping 1400m2 with the added bonus of a convenient side lane.
Currently, home to two three-bedroom properties, the potential here is immense for savvy developers.
Positioned within Clayton's sought-after red zone, you can potentially build up to five stories high (STCA), which is great news as luxury townhouses and apartments are a hot commodity here (60% of Clayton's residents are renters paying higher-than-average weekly rental costs, with townhouses and apartments in short supply).
Clayton is currently undergoing a massive transformation, with the local population set to increase by at least 8,000 (to 29,000) people by 2036. The 80,000 jobs within the Monash National Employment and Innovation Cluster (the largest number of jobs in Victoria outside of the CBD) are also set to double over the next 30 years.
The long-term vision for the area is immense, with the council adopting an ambitious Precinct Plan for the Clayton Activity Centre, which will revitalise and grow the suburb.
Exciting plans are also in place for the $50 billion Suburban Rail Loop (linking every major railway line from Frankston to Werribee via the airport), which will see a brand-new underground transport super-hub constructed in Clayton. Works are set to begin in 2022 and will allow capacity for trains to run in four different directions.
Now is the time to dream big and win big in thriving Clayton. Don't delay, call Leigh today!
General Features
Land size: 1400m2
Features: currently contains two three-bedroom homes and a side lane
Other Features
Highly-desirable Residential Growth Zone
Potential to build up to five stories high (STCA)
Population set to expand rapidly
Significant rental market
Council's long-term vision already underway
Close to a wide variety of first-class amenities including hospital, station, shops and university
Within the Monash National Employment and Innovation Cluster (MNEIC)
New transport super-hub to be built in the area
EPIC profit to be made!
Disclaimer: We have in preparing this document used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospect purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist
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