CRANBOURNE: Opportunities like this are few and far between. Set in a well-established pocket of Cranbourne, 31 Marklin Street presents an outstanding investment and development opportunity with approved plans (STCA) for three units. Better still, the property is currently leased, providing an immediate rental income while you plan your next project.
Whether you're a seasoned developer, savvy investor, or land banker looking to secure a premium site in a thriving growth corridor, this property ticks all the right boxes. Enjoy the benefit of holding a tenanted property while taking advantage of the approved development potential.
The existing home offers comfortable accommodation with four generous bedrooms, a separate study, a spacious living area, a functional kitchen with ample storage, a central bathroom, separate laundry, and a large covered alfresco area, making it an appealing rental property with strong tenant demand.
Main Features of the Property:
Approved plans (STCA) for three units
Currently leased – immediate rental return
Four spacious bedrooms
Separate study/home office
Functional kitchen with ample storage
Spacious living area
Central family bathroom
Separate laundry
Covered alfresco entertaining area
Excellent redevelopment, investment, or land banking opportunity
Conveniently positioned close to all essential amenities, including:
Cranbourne Shopping Centre and High Street
Cranbourne Train Station
Primary and secondary schools
Childcare centres
Medical facilities and Casey RACE
Parks, reserves and sporting facilities
Easy access to South Gippsland Highway, Thompsons Road and Western Port Highway
Whether your strategy is to develop immediately, hold for future capital growth, or enjoy a secure rental income while preparing for redevelopment, this property offers flexibility, convenience, and enormous potential in one of Melbourne's most sought-after growth corridors.
A property with income today and possibilities for tomorrow—this is an opportunity not to be missed.
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Every care has been taken to verify the accuracy of the information contained in this advertisement; however, we cannot guarantee its correctness. Prospective purchasers are advised to make their own enquiries and satisfy themselves regarding all aspects of the property.
