Prime Development Opportunity in Prestigious Brighton: Luxury Living or Lucrative Investment Await!

Situated in the heart of Brighton, one of Melbourne’s most prestigious bayside suburbs, presents an exceptional opportunity for development or investment.

– Site area: 726 sqm* with a generous 20-meter frontage.
– Permitted for the construction of 10 luxury apartments.
– Zoning: General Residential Zone (GRZ), part of the Major Activity Centre, allowing for up to 3 storeys.

The property currently comprises two semi-detached solid brick period homes, providing rental income from two separate existing tenancies.
Both homes feature desirable attributes such as high ceilings, polished floorboards, quality kitchens, and separate driveways with off-street parking.

Permitted development includes the construction of a three-storey building comprising 10 luxury apartments, alternatively, there is scope to build a luxury home on the site for personal use (subject to council approval).

Set on a picturesque tree-lined suburban street within walking distance to Brighton Beach foreshore, local shops, and public transportation.
Bay Street, renowned for its cafes, bars, restaurants, specialty shops, cinema, and supermarket, is just 100 meters away. Close proximity to reputable schools including Firbank Grammar School, Brighton Grammar School, and Brighton Primary School.

Convenient access to Church Street, Brighton Beach with its iconic bathing boxes, and North Brighton Station for a quick commute to the CBD. This property offers an outstanding investment opportunity in one of Melbourne’s most sought-after bayside suburbs, combining potential for lucrative development with the allure of a premium lifestyle.