Nestled in the thriving heart of Bayswater, this prime residential offering presents an unparalleled opportunity for the discerning investor or astute developer. The original dwelling, a character-filled house boasting three generously sized robed bedrooms, a well-appointed bathroom, and the comfort of ducted heating and evaporative cooling throughout, sits upon an expansive 985 sqm block graced with timeless timber flooring.
What sets this proposition apart is the fully approved permit for an impressive 14-apartment development. This ready-to-go project encompasses a diverse array of residences, including a ground-floor three-bedroom apartment, a selection of ten two-bedroom apartments across the first and second levels, and three luxury three-bedroom apartments crowning the third floor. Each is thoughtfully designed to cater to the increasing demand for quality living spaces within this sought-after locale.
Positioned within the RGZ2 - Residential Growth Zone 2, this development is poised to capitalise on the increasing urban growth and demand in the area. Its coveted location directly opposite Marie Wallace Park offers serene views and leisurely outdoor spaces right at your doorstep. Residents will benefit from the close proximity to the Bayswater train station, ensuring seamless connectivity to the Melbourne CBD and beyond, along with a variety of local shops catering to all lifestyle needs.
The property is also ideally zoned for Bayswater Secondary College and Bayswater Primary, enhancing its appeal for families and adding to the rental desirability. Moreover, the nearby Knox Westfield shopping centre presents a world of retail, dining, and entertainment options.
This development opportunity is selling now and represents a forward-thinking investment in a rapidly growing suburb, promising substantial returns for the future. Don't miss the chance to shape Bayswater's skyline with this premium, permit-approved site.
Loci Real Estate has taken every precaution to ensure the information contained herein is true and accurate, however accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
