Rare investment or development opportunity
Presenting a rare investment/redevelopment opportunity to own an entire block of apartments, located in a brilliant position in Melbourne's fast-growing Eastern corridor. On this large 860sqm (approx.) block, zoned GRZ4, find this substantial solid-brick apartment complex, comprising 8 two-bedroom units with great natural light (the building and site are to be sold as one). Multiple options exist here - excellent potential for refurbishment and lease with many features already in place including off-street allocated parking and enclosed stairwells. Or you can start again and redevelop this excellent site (STCA). The location here is hard to beat, with Whitehorse Road shops, cafes and restaurants just a stroll away, the number 109 tram at your door, it's five minutes to trendy Union Road shops, and a 15-minute walk to Chatham station (23 minutes to the CBD). The lovely Balwyn Community Centre Reserve is one door down, and it's just half an hour's drive to the CBD. Highly sought-after Camberwell High School zoning and within easy reach of premiere private schools