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Auction
Auction ($1,250,000 - $1,375,000)
17 Church Street presents an exceptional opportunity for investors and developers. Located in the coveted GENERAL RESIDENTIAL ZONE - SCHEDULE 4, this high-density property is ideal for constructing townhouses or apartments (STCA).
The current home, partially renovated to function as a dual-home complex, features a 1-bedroom unit and a 3-bedroom unit, each with shared backyard access. It includes two kitchens, four bedrooms, two main bathrooms, a laundry in the 3-bedroom unit, two separate toilets, three living spaces, and two meals areas.
This substantial 996 square meter block is ripe for development. Its generous size and strategic zoning make it perfect for high-density residential projects. Whether you're envisioning a series of townhouses or a modern apartment complex, this property offers the flexibility and potential to realize your development ambitions.
Situated in a family-friendly area with a rental yield of $900 per week, it is conveniently close to schools, shops, and parklands. The block is relatively flat with an easement at the back, further simplifying the development process.
Seize this unique chance to transform 17 Church Street into a lucrative investment or development project in a prime location.
Features:
Unit 1:
3 Bedrooms
1 Bathroom
Separate Toilet
Open Plan Kitchen and Meals
Gas Cooktop and Oven
Family
Living
Laundry
Split System Heating and Cooling x1
Carpets, Hardwood Floorboards and Tiles
Curtains Throughout
Parking spots at the front of the property
Unit 2:
1 Bedroom with Built-in Robe
1 Bathroom
Separate Toilet
Open Plan Kitchen, Meals, Living
Gas Cooktop
Electric Oven
Carpets and Tiles Throughout
Blinds
Split System Heating and Cooling x1
Single Carport
Location:
Situated on a spacious 996 block, this home has many education options nearby such as Bayswater Primary School, Heathmont East Primary School, Bayswater West Primary School, Our Lady of Lourdes Primary School, Bayswater Secondary College, Heathmont College and Tintern Grammar. Conveniently located near many parklands for you to enjoy include Marie Wallace Park, HE Parker Reserve, Guys Turner Reserve and Glen Park. Mountain High Shopping Centre is walking distance away and for further shopping needs, both Eastland and Westfield Knox Shopping Centre are just mere minutes away. Bayswater Train Station and many bus stops will service all public transport needs. The M3 is close by and is direct access into Melbourne's CBD.
On Site Auction Saturday 15th of June at 12pm
5/1849 Ferntree Gully Road, Ferntree Gully VIC 3156
Call Matt Morris on
0478634185
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