Are you interested in inspecting this property?
Get in touch to request an inspection.
ENDLESS DEVELOPMENT OPPORTUNITY WITH OPTIONS TO CHANGE
- 3 Beds
- 1 Bath
- 4 Cars
A fantastic opportunity on offer for you to be able to choose what you want to do. This property comes with approved plans and permits for 10 Apartments which can be changed to 16 apartments (STCA). As is the plans are for a mix of 1 & 2 bed apartments. It also has an exclusive 4 bed, 4 bath, balcony off every room penthouse apartment which has the potential to be marketed well over the million $ mark.
Another option possible is to plan for a 47 bed student accommodation complex (STCA). The zone allows for 13.5 metre hight limits which equates to 4 levels. While waiting to prepare for the build, the property is a great investment with current rental returns.
With an absolute sought after central location to schools, parks, buses and walking distance to Knox Shopping Centre, the Knox Ozone hub and easy access to Eastlink Freeway, this is an opportunity not to be missed.
IN ROOM AUCTION
In Room Auction Tuesday 19th September at 7pm.
Venue: 5/1849 Ferntree Gully Road, Ferntree Gully
To view the statement of information use the following link:
4 carport spaces
All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.
Due diligence checklist for home and residential property buyers
Do you want to find out more about this suburb? Enter your details to receive a free comprehensive suburb report.