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451-453 Whitehorse Road
Mitcham, VIC 3132
$2,200,000 - $2,420,000
Overview
451-453 Whitehorse Road
This significant blue chip development opportunity is being offered to the market for the first time in over 40 years, presenting a rare chance for developers or builders to acquire a high-density site within the Mitcham activity zone.
Spanning approximately 1313 square meters, the property extends over two street frontages and is zoned Residential Growth Zone 2, allowing for development up to four stories high. The site combines two titles, encompassing both residential and commercial land, offering versatile development potential.
The current owners are flexible with settlement terms, accepting a settlement period of up to 12 months. This flexibility also permits the planning process to commence within this timeframe, providing an advantageous opportunity for buyers to begin development preparations early.
Given the vendor's accommodating settlement terms, this offering represents a unique and significant opportunity for astute buyers seeking to capitalize on a prime development site in Mitcham.
Terms of sale include a 10% deposit with settlement to occur within a maximum of 12 months.
Location
Mitcham VIC 3132
Market Insights for Mitcham VIC 3132
Other properties in this postcode
Auction | $1,100,000 - $1,200,000
10 Walwa Street, Mitcham VIC 3132
* 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.
