Huge township block - Develop for profit or lifestyle.
8 Ligar Street, Woodend
This whopping 1416m2 block currently has an aged house and shed, but it is the location, potential and size that gives it immense appeal.
The size of the block and its zoning makes it a superb development possibility, with the potential for up to three units, subject to council approval. Alternatively, a wonderful family home could be constructed here, with ample room for a tennis court or pool and fabulous garden.
Ligar Street is a block from one of the main roads into Woodend, but it has the air of a quiet country lane. The wide verges and large street trees give it a peaceful, rural feel.
The Woodend Railway station is only one kilometre away, around a 10 minute walk, so a commute to Melbourne is a car-free possibility. The primary schools are also within an easy walk, as is the supermarket and Woodend’s renowned cafes. The local bus passes close by, and routes for the area’s secondary schools buses are also near.
Vacant lots in Woodend are currently as scarce as hen’s teeth. The recent adoption and gazetting of Amendment C98 means that Woodend’s growth is restricted. The shortage of opportunities to build will become more acute, especially those so close to the centre of town.
The property has all town services – sewer, power, town water – and is tenanted until August 2019, currently returning $1300 per month.
Read more
Lot/Plan No: /~5/27/3872