This property has been Sold
Townhouse development site with holding income
• A significant land holding of 740 sqm*, ideally situated in a prime corner position in one of Melbourne’s thriving inner Northern suburbs
• Comprehensive development scheme for 10 expansive townhouses
• Short term holding income available
• Recently rezoned to MUZ, allowing development up to 6 floors (STCA). Providing flexibility to alter the scheme to apartments, childcare, or a mixed use development (STCA)
• Extremely valuable 49 m* frontage to Plenty Road and Rene Street
• Rapidly expanding median house price of $861,000 with a 67%* growth in 5 years
• Preston has been...
