647sqm Land in Highly Sought After Location
This property is one of the last remaining development opportunities on James Street and comes onto the market for sale for the first time in 40 years. Sitting on a land area of 647sqm (approx.), in a General Residential Zone – Sch 1 (Greater Dandenong Planning Scheme), this property allows for an astute developer/builder to build units/townhouses with a maximum return (STCA). Located in one of central Dandenong’s most sought after and premium pocket, this home is perfectly positioned with walking access to Dandenong High/Primary School, Dandenong Hospital, Chisholm TAFE and public transport services. With an existing weatherboard dwelling that offers 3 bedrooms, 1 bathroom, formal lounge area and separate kitchen/meals area, you can generate a rental yield whilst drawing plans and obtaining permits to build your next project (STCA). Large backyard and bonus outside living area with kitchenette and small living area. You need to see it to be able to believe it. The resale value of newly constructed units and townhouses in this area is also something to consider with this project, as this pocket is generally known for fetching premiums on newly constructed homes. This opportunity is presented once in a lifetime and could be your nest egg for the next 30 years! Do not wait until it is gone. Make sure you view this property now!
Contact: Neb Delibasic on 0411 332 467 or Theo Maric on 0411410744
Auction: Saturday 4th November 2017 at 12:00pm, On Site
Terms: 10% Deposit, Balance in 60 - 90 Days
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