Located in Gledhow, two road frontage, level and ideal house/site hobby lot.

Less than 10 minutes’ drive from the centre of Albany is a block of land offering exciting options for lifestyle profit

The 6209sqm lot, near the corner of Moortown Road and South Coast Highway, fronts both roads. It is level, cleared except for a few native trees for privacy and character, and set among similar large, semi-rural blocks.

A major attraction of this property is its potential for development. Plans have been drawn up for subdivision into 11 residential building blocks, for which local authority approval has already been granted.

Two of these blocks would be accessed directly from South Coast Highway; the others from Moortown Road – some via a road reserve drawn into the plans.

The average lot size is 459sqm, allowing for the construction of family-sized homes with gardens.

After the installation of services to each lot, a profit could be made from the sale of the 11 blocks, depending on the market or the owners might choose one to live on and capitalise on the rest.

Another option would be to develop some (or all) of the blocks with homes and reap multiple rewards for the higher investment.

Although this property is well priced for a developer or investor, it also offers an attractive opportunity for an owner-occupier, who could keep the land as it is, choose a home site and build a desirable semi-rural lifestyle.

There’s enough space for keeping chooks and a few head of stock, growing veggies, planting fruit trees and letting children or grandchildren run amok. That’s in addition to space for a big home, sheds and workshops.

The land’s location within easy reach of schools, TAFE and the city’s many facilities will be a winner with those fortunate enough to live there, whichever plan comes to fruition.

Explore the many possibilities this estate holds by phoning Kevin Marshall to discuss its assets.

But be quick. With so much to offer and such wide appeal, it is sure to be snapped up.

What you need to know:
- 6209sqm block
- Approval granted for subdivision into 11 residential blocks, with average lot size of 459sqm allowing for sizeable homes and gardens
- Myriad possibilities for investor or developer
- Ideal also as lifestyle property with space for big home, sheds, workshops, livestock and horticulture venture
- Semi-rural location near the corner of South Coast Highway and Moortown Road
- Two-road frontage
- Less than 10 minutes from York Street
- Within easy reach of schools and TAFE