Victoria, Bayside 3682sqm Development Site with Potential Water Front Views

Development Potential (STCA)

This property is close to a bayside town centre, boat ramps, transport, primary schools and popular high school. The government has invested billions of dollars into the local infrastructure with upgrades to train stations, hospital, local TAFE and more.

This investment opportunity would suit an experienced developer, as the site is 3682sqm and includes the potential to:

Description
Considering the impressive approximate 73 metre frontage to a local waterway, this site provides an excellent opportunity (STCA) to develop a residential complex consisting of a mix of apartments and townhouses with access from a grand entrance off a highway.

The site would also suit a hotel development or affordable housing complex.

Further information can be found in the Information of Memorandum, available upon request.

Summary
Purchase Price: $7.25 million – $7.5 million
Settlement: June 2023

Please note: There is an exclusive authority on this property held by Real Estate Champions, with whom I now work full time. An Information of Memorandum will be provided by them for the purpose of assisting an investor / developer in making any decisions. We are also working in conjunction with another agency.

If you like what you see and are keen to know more, please contact us to receive the IM. 

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Vicky Gardner

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