102 Sterling Drive
Keilor East, VIC 3033

Overview

Permit Approved Dual Occupancy Opportunity on 778sqm

Positioned on a substantial allotment of approximately 778 square meters with a frontage of 15.24 meters and a depth of 51.05 meters, this property presents a highly strategic acquisition opportunity for builders and developers seeking a near shovel-ready project with reduced planning risk and clear delivery pathways.

The property comes with an endorsed planning permit for the construction of two dwellings, providing immediate development certainty and a streamlined pathway to execution. This permit has been issued by the Moonee Valley City Council specifically for dual occupancy development.

Key Investment Highlights:

• Landholding of approximately 778 square meters with strong rectangular proportions.
• Frontage of 15.24 meters and depth of 51.05 meters enabling efficient design outcomes.
• Approved planning permit for two dwellings already in place.
• Located in an established residential area with consistent buyer and tenant demand.
• Close proximity to parks, schools, transport options, and key arterial roads.

Permit and Timing Considerations:

The current planning permit is valid until 31 July 2026, providing a defined timeframe for commencement and completion. Purchasers have the ability to apply for an extension of the permit if they wish to preserve the approved plans and continue the development pathway, subject to council approval.

Flexible Strategy Options:

Developers can proceed immediately with the approved dual occupancy project, reducing lead time and accelerating return on capital. Alternatively, the existing brick residence offers a practical interim solution for renovation or holding income, allowing flexibility while finalising build strategy or staging the development.

The Opportunity:

This is a well-positioned asset combining scale, approval, and flexibility. With planning already secured and timeframes clearly defined, it presents a compelling proposition for both immediate development and longer-term strategic positioning.

For access to endorsed plans, permit documentation, and further due diligence material, please contact the listing agents.

Location