2 Pattison Avenue
North Geelong, VIC 3215

This property presents a unique off-market opportunity to acquire a well-positioned three-bedroom duplex located in the desirable suburb of North Geelong. Situated on a corner block, this residence offers a solid foundation with potential for further enhancements to suit your personal preferences or investment goals.

The property at 2 Pattison Avenue is part of a duplex arrangement, paired with number 4 Pattison Avenue, which also features three bedrooms. Both homes currently benefit from long-term tenants, providing steady rental income, and can be purchased either individually or as a combined investment. The leases are approaching expiration, offering flexibility to either occupy, re-lease, or renovate according to your plans.

The site is zoned under General Residential Schedule 1, which supports residential development and offers potential for future subdivision or redevelopment subject to council approval. The land size for this particular property is approximately 629 square meters, with the combined land area of both duplex properties totaling around 1089 square meters. This combined land mass presents an attractive prospect for building multiple new dwellings, subject to council approval.

Recent sales activity in the area includes the auction of a nearby two-bedroom property at 6 Pattison Avenue, which sold for $495,000. This provides a useful benchmark for the local market and highlights the value proposition of the current offering.

The property has undergone some upgrades, enhancing its appeal, while still offering scope for further improvements to increase value or tailor the home to your lifestyle needs. The corner location provides additional privacy and street frontage, enhancing the overall desirability of the site.

Key features include:

• Three spacious bedrooms providing comfortable accommodation for families or tenants.
• One bathroom designed for convenience and functionality.
• One dedicated car parking space ensuring ease of access and security for your vehicle.
• Generous land size of 629 square meters offering outdoor space and development potential.
• Duplex configuration allowing for flexible investment or living arrangements.
• Long-term tenants currently in place, providing immediate rental income with lease expiry offering future options.
• Located in a well-established residential area with access to local amenities, schools, and transport links.

This property is ideal for investors seeking a stable income stream with potential for capital growth, or for owner-occupiers looking to secure a home with development upside in a sought-after location. The corner block setting enhances the appeal, providing additional space and privacy compared to standard lots.

Prospective buyers are encouraged to consider the opportunity to acquire this duplex property either individually or in conjunction with the neighboring unit at 4 Pattison Avenue, which is also available for sale. Together, these properties offer a substantial combined land holding with significant redevelopment potential subject to council approval.

Note that the images currently displayed are not up to date. Interested parties are advised to arrange a viewing or contact the agent for further information and to discuss the potential of this property in more detail.

All information provided is believed to be accurate at the time of publication and is offered in good faith. Prospective purchasers should undertake their own due diligence and inquiries to verify details and suitability for their requirements.