89 Kennedy Street
Euroa, VIC 3666

Overview

Massive Development Opportunity | 4,808m² with Holding Income

This expansive 4,808 square meter property presents a significant development opportunity in a sought-after location. The large allotment offers versatile dimensions suitable for a variety of high-yield projects, including subdivision, multi-unit complexes, or specialty developments. The site combines substantial scale with immediate holding income, making it an attractive proposition for developers and investors alike.

Currently tenanted with a functional two-bedroom home, the property provides a steady income stream to offset holding costs while development plans and permits are finalized. This feature allows for a strategic approach to development, balancing cash flow with long-term planning.

Previous site plans have been drafted, and with the local shire planning scheme remaining unchanged, the pathway to re-approval is clear and straightforward. This reduces the typical uncertainties associated with development projects and expedites the process for prospective buyers.

The property offers flexibility in its footprint, allowing the existing dwelling to be retained for long-term land banking or cleared to maximize the use of the entire block. This adaptability caters to a range of development strategies and investment goals.

In a market where shovel-ready land is increasingly scarce, this site stands out due to the extensive preliminary planning research already completed. This reduces the due diligence timeline significantly, providing a competitive advantage to buyers.

For investors, this property represents a 'set and forget' asset ideal for land banking or a high-velocity project for active developers. The consistent planning scheme of the shire offers a level of certainty that is rare in the current regulatory environment, making this an appealing and secure investment.

Location