46-48 Scott Street
Dandenong, VIC 3175

Overview

Prime Development Opportunity! 46-48 Scott Street, Dandenong

This property represents a prime development opportunity located in the heart of Dandenong, offering a blue-chip site with significant potential for developers, builders, and investors. The site is positioned on a substantial allotment of approximately 1,595 square meters and is zoned within the Residential Growth Zone, providing flexibility for various development options.

Previously, the site held a permit for the construction of 50 apartments, and there is alternative potential for developing 13 to 15 triple-storey townhouses, subject to council approval. This flexibility makes the property highly attractive in a fast-growing precinct with strong demand, offering rewarding possibilities for various development strategies.

The site currently includes existing dwellings that are leased to long-term tenants, providing holding income while development plans and permits are finalized. The two dwellings are located at 46 Scott Street, featuring 3 bedrooms, 2 bathrooms, and 2 car spaces, and 48 Scott Street, featuring 3 bedrooms, 1 bathroom, and 2 car spaces.

The location is unbeatable, situated within walking distance to key amenities such as Dandenong Plaza, Dandenong Market, and the Dandenong railway station. This central position enhances the property's appeal and future growth potential.

Opportunities of this scale and flexibility in such a central location are rare, making this project an excellent prospect with clear upside potential. Whether the approach is to develop and sell, build and retain, or landbank, the site delivers the scale and zoning to maximize return on investment.

Prospective buyers are advised to conduct their own due diligence, including planning, legal, and building advice, as land sizes, dimensions, zoning, and development potential are subject to council and relevant authority approvals. The information provided is indicative and should be independently verified.

Location