Capturing a wonderful location in ever-popular Macleod, discover this sensational allotment, positioned within walking distance of a great range of amenities and offering huge potential for multi-residential townhouse development (STCA). The existing residences offer immediate investor appeal and comprise three well-maintained units all currently tenanted, earning a total of $4,200 a month.
The potential for successful development is obvious in this amazing location – just a stroll to Macleod Station, fabulous parks in the area including Harborne Street Reserve just metres away and Elder Street reserve around the corner, local shops are just a stroll away and it's within 10 minutes of a choice of Greensborough Plaza or Heidelberg central shopping, cafes and the Austin and Mercy hospitals. Latrobe University is just 10 minutes’ drive and the CBD is only half-an-hour away. Within the Watsonia Heights Primary School and Greensborough Secondary College zones and within easy walking distance of sought-after Macleod College.