Positioned 24km south-east of Melbourne, this prime freehold is a notable investment site from the Barry Plant Springvale team of Nalaka Weerakoon and Tim Stickley.
This excellent site within the Springvale district is permit approved with endorsed plans for the construction of 15 townhouses. Purposefully designed to contain a blend of configurations ranging from 14 squares to 22 squares with 3 bedrooms, 2-3 bathrooms and 1-2 carparks within lock-up garages.
Additionally, this site is large enough to accommodate alternate future uses which may include commercial applications (STCA) ranging from aged care, child care, a service station and medical clinic.
With a highly advantageous land size of 4,000 SQM, the dimensions, approved permit and endorsed plans all represent great upside potential for the intuitive developer and investor looking to capitalise on a sought-after location.
In particular, this Springvale site is well located with its popular retail, commercial and residential precincts,parklands, transportation and educational options.
"Townhouse developments in the Springvale locale are in particularly short supply – combine this with this area’s eager buyer demand and you really have a solid property asset. The approved permit and endorsed plans represent a substantial cost and time saving plus importantly the purchaser can immediately commence construction." Nalaka Weerakoon, Barry Plant Springvale
Summary:
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Valuable land holding of 4,000 sqm
- Approved permit and endorsed plans for 15
townhouses
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14 squares to 22 squares, 3 bedrooms, 2-3 bathrooms and 1-2 carparks
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Close proximity of Mackay St shopping precinct, and the local community
including temples
- Capitalise on buyer demand for Melbourne’s south-eastern suburbs
- No waiting –
start construction at your convenience
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Terms: 10% Deposit, Balance 60/90 Days
Please note that all financials, measurements and distances quoted above are approximate only.
584-590 SPRINGVALE RD, SPRINGVALE STHis forSale by SET DATE:
Wednesday 3rd May at 5pm (unless sold prior)
For further information including existing plans and Vendors statement please contact Barry Plant Springvale:
Nalaka Weerakoon: 0414 445 403, Tim Stickley: 0409 215 540
View Listing Here: https://www.developmentready.com.au/properties/584...
