• Land - Site area of 729 sqm* with 20-meter frontage
• Approved permit for 10 luxury apartments
• GRZ part of the Major Activity Centre - up to 3 storeys
• Two properties on the block generating rental income
• Exclusive bayside location
• Flexible Settlement Terms

Located in one of Melbourne's most prestigious bayside suburbs. This Brighton blue-chip allotment is ready to be transformed into a luxury residential development of 10 premium apartments. Versatile site with scope to build a luxury home to call your own in this premium location or develop into a multi-unit development (STCA).

Outstanding investment opportunity! Invest with the freedom to reap immediate rewards, the existing delightful Deco pair of semi-detached solid brick period homes offer rental income supported by two separate existing tenancies.

Key features of this development opportunity are noted below:
• Permitted development to include a three-storey building of 10 apartments
• Existing building onsite includes a pair of semi-detached residential dwellings, both generating rental income.
• The homes features include high ceilings, polished floorboards, quality kitchens and separate driveways with off street parking.
• General Residential Zone (GRZ) within the City of Bayside Major Activity Centre.
• Perfectly positioned on the doorstep of Bay Street Retail Village.
• An abundance of nearby retail, education, parklands and beaches.
• Serviced by ample public transport including North Brighton Train Station and Buses.
• Highly sought-after bayside suburb 10 km* from Melbourne's CBD.

EXPERIENCE THE BEST IN SUBLIME BRIGHTON LIVING
Set on a beautiful tree-lined suburban street; and is a leisurely walk to Brighton Beach foreshore, local shops and public transportation. The popular and charming Bay Street is literally 100 metres from your door and offers an appealing range of relaxed cafes, trendy bars, and quality restaurants to enjoy each and every day. Mr and Mrs P and Hotel Brighton are just a few of the favourites locals love to visit, while Bay Street also has a terrific array of speciality shops, Brighton Bay Palace Cinema, and Coles supermarket. The stellar Carpenter Street is also close to outstanding schools including Firbank Grammar School, Brighton Grammar School, and Brighton Primary School. You're also near Church Street with its own range of outstanding shops and restaurants, Brighton Beach with the iconic bathing boxes, local buses, and North Brighton Station which will have you in the CBD in under 20 minutes!

Private inspections only.

The Phone Code for this property is: 94274. Please quote this number when phoning or texting.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.