An exceptional opportunity awaits savvy investors looking to secure commercial or mixed-use premises in a prime location on Latrobe Terrace. Surrounded by thriving businesses and residential investments, this property boasts a prominent position that ensures visibility and success.
The approved development plan showcases a smart design that maximizes the potential of the land, taking into account the gradient and elevation to optimize profitability. Whether you're looking to occupy the existing dwelling or embark on a full-scale renovation and development project, this property offers a wealth of possibilities.
Key features of the development approval include:
Conversion of the street-level dwelling into commercial space, featuring a retail showroom and three offices
Addition of a two-bedroom, two-bathroom unit and a one-bedroom plus study, one-bathroom unit
Provision of four basement car spaces and storage
Installation of a lift
Availability of five open car spaces
The current dwelling boasts:
-A generous 579m2 area with a 15-meter street frontage
-Serene suburban views at the rear of the property
-An expansive living area adorned with character features
-A functional kitchen
-A bathroom with shower and inclusive toilet
-Covered front and rear verandahs
With its adaptable floor plan, this property offers a range of opportunities and will appeal to investors with a keen business sense seeking premises in a high-profile location for a commercial venture or a lucrative addition to their property portfolio.
