All you savvy investors and developers out there, you’ll want to be first in line for this opportunity. The current owner of this 1000 sqm property (approx) is wanting an investor/builder to take ownership and subdivide (STCA) the land into a 3 unit development site. In exchange, build an 11sq, 2 bedroom home at the front of the property to provide immediate and guaranteed accommodation for the existing owner, leaving the other 2 sites to be developed and sold as per usual procedure, for an additional small fee. The location is extremely convenient for those needing to be near shops, transport and schools, as well as being just a leisurely drive from the foot of Mount Dandenong in one direction, and quick access to Eastlink in the other.
Total purchase cost, including the cost of the build for the front home, is estimated to be just under $300,000. A small price to pay for an incredible opportunity! A long settlement is negotiable in order to prepare plans/permits etc.