Let Your Imagination Run Wild as You Plan Your Project
Presenting a spacious corner block of approximately 613 sqm at the intersection of Neilsen Crescent and Norris Crescent in Bundoora, this property offers a world of possibilities. Whether you're considering future development, a shop extension (STCA), or envisioning your dream project, business, or family home, this versatile hybrid residential/shop combination is ready to accommodate your every need (STCA).
Conveniently located just moments from Bundoora Square shopping center, the property provides effortless access to nearby schools, parks (Darebin Creek), bus routes along Settlement Rd, and Tram 86 on Plenty Road. Enjoy the close proximity to RMIT University and La Trobe University.
The Neilsen Crescent frontage features a spacious multi-use shop with a storage/refrigerated area, a kitchen, and a toilet. The attached home, accessible via both a separate entrance from Norris Crescent and through the shop, includes 3 robed bedrooms, 1 bathroom, a spacious kitchen/meals area, and a separate living zone.
With ample land surrounding the home and 3 car spaces on title, this property is perfectly suited for a variety of business ventures (STCA). If you've been waiting for something out of the ordinary or the ideal place to start your project, this standout opportunity should not be missed. Secure this rare, land-rich corner and unleash its potential for future growth or owner occupation!
Land size: 613 m2 approx
Deposit: 10% of the purchase price
Settlement preference: 30/60/90 days or by agreement
House Rental Assessment: $450-$500 per week (approx)
Shop Rental Assessment: $28,000 per annum + outgoings + GST (approx)
** Please note the concept sketches are preliminary concepts intended to inspire creative ideas and explore potential possibilities only. They are not finalized designs and are subject to Council approval (STCA). ***
Estimated Sale & Rental Appraisal:
CASE SCENARIO 1 (2 dwellings)
Unit 1 - 312sqm land &196sqm dwelling
- 4 bedrooms + study
- 2 bathrooms + powder room (1 ensuite + 1 central bathroom)
- 1 car garage + 1 extra open car space
*Estimated Sale Appraisal: $800,000 - $880,000
*Estimated Rental Appraisal: $680 - $720 p/w
Unit 2 - 200sqm land & 226sqm dwelling
- 4 bedrooms + study
- 3 bathrooms + powder room (2 ensuite + 1 central bathroom)
- 2 car garage
*Estimated Sale Appraisal: $840,000 - $930,000
*Estimated Rental Appraisal: $700 - $750 p/w
CASE SCENARIO 2 (3 dwellings)
Unit 1 - 239sqm land & 161sqm dwelling
- 3 bedrooms
- 2 bathrooms + powder room
- 1 car garage + 1 extra open car space
*Estimated Sale Appraisal: $730,000 - $800,000
*Estimated Rental Appraisal: $600 - $650 p/w
Unit 2 - 167sqm land & 132sqm dwelling
- 3 bedrooms
- 2 bathrooms + powder room
- 1 car garage + 1 extra open car space
*Estimated Sale Appraisal: $700,000 - $770,000
*Estimated Rental Appraisal: $600 - $650 p/w
Unit 3 - 206sqm land &155sqm dwelling
- 3 bedrooms
- 2 bathrooms + powder room
- 1 car carport + 1 extra open car space
*Estimated Sale Appraisal: $680,000 - $750,000
*Estimated Rental Appraisal: $600 - $650 p/w
** Preliminary Build Quotation based on the concept sketches can be provided upon request **
