12 Faye Street
Reservoir, VIC 3073

Overview

Endorsed Permit Approved x 5!

This property offers an exceptional opportunity with plans and permits approved for five premium townhouses, ideal for developers or investors looking to build a dream project or expand their portfolio.

Located just moments from Northland and Summerhill's vibrant 24-hour shopping and café precincts, the site benefits from excellent access to Plenty Road trams and La Trobe University, making it a highly desirable location for future tenants or homeowners.

The approved development includes detailed working drawings and water plans, which are available upon request, providing a comprehensive foundation for construction.

The five units are thoughtfully designed with a variety of layouts to suit diverse needs:

• Unit 1 features 2 bedrooms, 2 bathrooms, a large study, a garage, and an additional car space, covering 133.9 square meters.
• Unit 2 offers 2 bedrooms, 1 study, 2 bathrooms, and a garage, with a total area of 146.3 square meters.
• Unit 3 includes 2 bedrooms, 2 bathrooms, and a garage, spanning 134.6 square meters.
• Unit 4 comprises 2 bedrooms, 2 bathrooms, and a garage, with 138.6 square meters of living space.
• Unit 5 is the largest, with 2 bedrooms, 2 bathrooms, a study, and a garage, totaling 159.2 square meters.

The entire land parcel measures approximately 730 square meters (0.18 acres), providing ample space for the development and associated amenities.

Currently, the existing property includes 3 bedrooms, 1 bathroom, and parking for 2 cars, offering a solid base while the new development plans are executed.

This is a rare chance to secure a property with significant development potential in a sought-after suburb, combining convenience, lifestyle, and investment prospects.

Location