Development/Land

• Land - Site area of 729 sqm* with 20-meter frontage
• Approved permit for 10 luxury apartments
• GRZ part of the Major Activity Centre - up to 3 storeys
• Two properties on the block generating rental income
• Exclusive bayside location
• Flexible Settlement Terms

Located in one of Melbourne's most prestigious bayside suburbs. This Brighton blue-chip allotment is ready to be transformed into a luxury residential development of 10 premium apartments. Versatile site with scope to build a luxury home to call your own in this premium location or develop into a multi-unit development (STCA).

Outstanding investment opportunity! Invest with the freedom to reap immediate rewards, the existing delightful Deco pair of semi-detached solid brick period homes offer rental income supported by two separate existing tenancies.

Key features of this development opportunity are noted below:
• Permitted development to include a three-storey building of 10 apartments
• Existing building onsite includes a pair of semi-detached residential dwellings, both generating rental income.
• The homes features include high ceilings, polished floorboards, quality kitchens and separate driveways with off street parking.
• General Residential Zone (GRZ) within the City of Bayside Major Activity Centre.
• Perfectly positioned on the doorstep of Bay Street Retail Village.
• An abundance of nearby retail, education, parklands and beaches.
• Serviced by ample public transport including North Brighton Train Station and Buses.
• Highly sought-after bayside suburb 10 km* from Melbourne's CBD.

EXPERIENCE THE BEST IN SUBLIME BRIGHTON LIVING
Set on a beautiful tree-lined suburban street; and is a leisurely walk to Brighton Beach foreshore, local shops and public transportation. The popular and charming Bay Street is literally 100 metres from your door and offers an appeali...