Positioned high on the hill in sought after Melville, this exceptional 1,012sqm landholding presents an outstanding opportunity for developers, investors, and land bankers alike.
With approval already in place for a 3 lot subdivision and desirable R30/40 zoning, the hard work has been done. Capitalise on the elevated position and create three premium homes that can take advantage of the impressive city skyline and river views.
For those looking to secure a blue chip site for the future, the property also offers immediate holding income, with the existing home currently leased at $780 per week.
The original 1950s residence comprises of three bedrooms and two bathrooms, providing comfortable accommodation while you finalise your plans or simply enjoy the rental return.
– Approved development site for 3 lots
– Elevated 1,012sqm landholding
– R30/40 zoning
– Sweeping city skyline and river views
– Existing 3-bedroom, 2-bathroom 1950s home
– Currently leased at $780 per week
– Ideal opportunity to develop immediately or land bank for the future
– Located in one of Melville’s most desirable elevated locations
Opportunities of this calibre are increasingly rare. Whether you’re an experienced developer, astute investor, or buyer seeking a premium future development site, this is a chance to secure a blue chip parcel in one of Melville’s most tightly held locations.
DISCLAIMER: This information is provided for general information purposes only and is based on information provided by third parties and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
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