This huge island site property is located on the south-western corner of Bay Road and Reserve Road with an additional long frontage to Tower Drive in the suburb of Cheltenham.
Cheltenham is located 20 kilometres south east of Melbourne's CBD and is predominantly residential (mostly high income levels) municipality.
There is a strong link between the municipality's residents, and the recent rezoning of the land which is fundamental to understanding the future potential of the property.
MASSIVE ISLAND SITE
Cnr Bay Road and Reserve Road,Cheltenham
* It is 3/4 the size of the MCG (14,806sqm approx)
* Has 4 street frontages totalling 446 metres (STCA)
* Just been re-zoned to business 3 (offices/ industrial/showrooms)
* Can build up to 4 levels (STCA)
* Close to 4 golf courses, gyms, cafes, childcare
* Amazing location, undervalued
* 75% cheaper than the adjoining suburb
Contact: Matt Nichols 0418 186 488, Matt Spicer 0448 567 403