As far as investments go, it's difficult to top this potential-rich site in one of Hughesdale's most tightly-held streets.
With 13 one-bedroom self-contained units currently occupying the huge 1,986sqm (approx.) block, there's scope to restore the development to its former glory and give it a new lease of life as an independent living facility, just as it was in the past.
Boasting a wide 43.3m (approx.) frontage, an opportunity also presents itself to extract maximum value from the block and develop a large-scale apartment or townhouse site (STCA).
Whatever your vision is for this red-hot piece of real estate, it will benefit enormously from its five-star location that's within short walking distance of Poath Road shops, Oakleigh Central, Eaton Mall cafes, Oakleigh train station, Chadstone Shopping Centre, Oakleigh Primary School and Kindergarten, Oakleigh Grammar and parks.
Disclaimer: We have in preparing this document used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospect purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist
