Look at the location! Imagine the opportunities! Envision the endless potential! With Flexible Settlement Terms (If the price is right!), this an attractive buy for developers and investors…… Due to the proximity to Monash University, hundreds of millions of dollars of commercial, retail and residential development across the road and nearby Dandenong & Blackburn Rd’s, even Blind Freddie can see this one is a winner!!!!!!
For Builders/Developers (STCA) -10/15 Apartments
-Shops/Apartments (Commercial Zoning Next Door)
-4/5 Terrace Dwellings (Resale $750 000)
-Multiple Town Houses (Resale $850-$900 000 with the right design and layout)
-Dual Occupancy (Renovate the Front Build at the Back)
For Investors:
-Convert existing house into a rooming house
-Build at the back for even higher Cash Flow (Returning Approximately $4500per month based on 24 Morton St Clayton)
-Growth area with potential that Council may rezone (Currently right next to Commercial Zoning and Growth Zone (GRZ3)
-New shopping Centre Being Built only Metres away on Blackburn Rd/Dandenong Rd
-Land Size Approx.765m2, 17m X 45m
Proposed GRZ6* What is GRZ6 The General Residential Zone (GRZ6) applies to residential land within the Clayton Activity Centre. This zone encourages greater housing intensity and diversity within the Clayton Activity Centre. For information on what the zone allows click here http://www.newresidentialzonesmonash.com.au/new-residential-zones