Prime Development Opportunity: Expansive Property With Plans and Permits approved for 6 townhouses

Introducing an unparalleled development opportunity within the real estate market: a generously sized 1,840 square meter (approx.) property featuring a four-bedroom house, complemented by existing plans and permits. This offering presents an extraordinary chance for builders, developers, and discerning investors to promptly capitalize on.

Nestled at the esteemed upper echelon of Dorset Road in Croydon, this property showcases an expansive double frontage spanning approximately 36.7 meters along Dorset Road, affording remarkable potential for a multi-unit development alongside breathtaking mountain vistas. Positioned within one of the most coveted locales, it offers seamless access to essential amenities and infrastructure. Conveniently situated less than a 5-minute drive from Croydon and Mooroolbark train stations, with bus stops lining Dorset Road for easy commuting to Melbourne. Moreover, swift access to Maroondah Highway and EastLink further amplifies the property’s allure.

Beyond its exceptional development prospects, this extensive land parcel also features a family home ripe for enhancement through cosmetic renovations. As an astute investment, immediate tenancy is achievable. Notable attributes of the existing residence encompass four bedrooms with built-in robes, a spacious lounge, family room, formal dining area, rumpus room, laundry facilities, linen cupboards, pantry, two split systems for climate control, double garage, and outdoor amenities including decking and a pergola for leisurely pursuits.

This property epitomizes a rare opportunity for individuals seeking to leverage a premium development site, bolstered by pre-existing plans and permits, all within a highly sought-after locale.