49 Bank Street

Enviably located in a highly desired and central Box Hill location, this rare property offers 877 sqm (approx.) of premium land which provides dual access from the street frontage and rear laneway unlocking endless redevelopment opportunities. This allotment is zoned within a residential growth zone - schedule 2, which presents the opportunity to build multiple townhouses or units on the block. Development properties like this do not come along very often. The existing dwelling is a classic 1920's period home which features 4 bedrooms, 2 bathrooms, and a versatile dual-living layout with 2 fully equipped kitchens, enabling multi-family or multi-generational living. Additional features include high ceilings, parquetry timber floors, open plan kitchen, living and dining, a laundry with separate toilet, gas heating and 3 x split-system cooling, solar panels, and an expansive back yard with multiple shed/storage options. The substantial land with a north facing rear aspect is ideally located within walking distance to Box Hill Central, Box Hill's well-known dining district, various public transport options, Box Hill Hospital, public and private schools, Box Hill TAFE, and zoned for the highly coveted Box Hill High School. This property has all the must have amenities on your doorstep with the chance to unlock massive value. This is a unique Box Hill opportunity not to be missed. View Statement of Information