Sold in two weeks with a 30 day settlement.
Will it become your dream home or a townhouse development, or will you explore a permitted land use from childcare to NDIS accommodation? With a rental income, this 840m² coastal development site with an 18m frontage is within a 330m radius of Edithvale beach, with public transport, shops and a school all within a similar distance!
Under the state government's new Townhouse and Low-Rise Code, the process for dual-occupancy is 'streamlined' and as reported by REA might see approvals obtained in 'around 3 months', with street set-backs reduced from 9m to 6m and a set-back of 3m from the north boundary maximising the land content. Should the plans be 'deemed to comply' with the standards for neighbourhood character and design, the council must issue a permit and there will be no third-party right of appeal.
The state government permits a 'granny flat' without a planning permit up to 60m² for those intending to add rental income and hold this as an investment, merely 28km southeast of Melbourne's CBD. In 2022, the neighbouring property was purchased and transformed into a family home, which might be the direction you take to design a home to your expectations.
This property will have many licking their lips at this prized market opportunity. Contact development specialist, Cameron Howe on 0417 112 784.
Disclaimer: while the advertising has been carefully prepared, purchasers should undertake their own research to satisfy themselves of any pertinent matters. Built form outcomes referenced are all STCA, except a granny flat provided it meets the applicable standards.
