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Overview
Approved Town Planning Multi-Residential Development
Expression of interest ends Saturday 21st March 5 PM.
This property presents a unique opportunity for developers and investors alike. The substantial land holding of approximately 724 square meters is primed for redevelopment, with town planning approvals already in place for the construction of two contemporary townhouses and nine well-designed apartments.
The existing dwelling is scheduled for removal, paving the way for a new development that promises to deliver significant value. The approved plans include:
- Townhouse 1 - Conventional Living - 2 Bedrooms, 2 Bathrooms, 1 Car Space
- Townhouse 2 - Reverse Living - 2 Bedrooms, 2 Bathrooms, 1 Car Space
- Apartment 1 - 2 Bedrooms, 1 Bathroom, 1 Car Space
- Apartment 2 - 2 Bedrooms, 1 Bathroom, 1 Car Space
- Apartment 3 - 1 Bedroom, 1 Bathroom, 1 Car Space
- Apartment 4 - 1 Bedroom, 1 Bathroom
- Apartment 5 - 2 Bedrooms, 1 Bathroom, 1 Car Space
- Apartment 6 - 2 Bedrooms, 1 Bathroom, 1 Car Space
- Apartment 7 - 1 Bedroom, 1 Bathroom
- Apartment 8 - 1 Bedroom, 1 Bathroom
- Apartment 9 - 2 Bedrooms, 1 Bathroom, 1 Car Space
With groundwork already completed and approvals secured, this development opportunity significantly reduces holding risks and planning uncertainties. It is ideal for those looking to expand their portfolio or undertake a boutique project that combines scale, certainty, and exceptional future potential.
Highlights of the property include:
- Approximately 724 square meters of land
- Existing dwelling slated for removal
- Plans and permits secured for two townhomes and nine apartments
- Streamlined pathway to construction
- Reduced holding and planning risk
- Excellent local connections, just minutes from Reservoir Train Station
All property information has been provided by third parties. While efforts have been made to ensure accuracy, it is recommended that interested parties conduct their own inquiries regarding this property.
Change History
| Headline | When |
|---|---|
| EOI - $900,000 - $990,000 | |
| EOI - $1,000,000 - $1,100,000 |
Location
Reservoir VIC 3073
Market Insights for Reservoir VIC 3073
Other properties in this postcode
AUCTION $790,000 - $850,000
2/69 Boldrewood Parade, Reservoir VIC 3073
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
