Blue Chip Investment Opportunity On 2,510m2 Approx.
Opportunities like this are rare and sought after. On offer are 3 centrally located sites amassing 2,510m2 approx. with a RGZ2 zoning and a DDO6 design development overlay. The properties are being sold as one, lending the impressive parcel to outstanding possibilities including multi-level apartment development, a substantial townhouse project or a thriving commercial venture (STCA). There are 3 homes in total across the 2 sites. 644 offers a relocated character weatherboard boasting 4 bedrooms-2 bathrooms and period features that include high ceilings, decorative cornices, sash windows and timber floors. There's an undercover deck for alfresco dining or entertaining and a huge backyard. 1/646 offers a turn of the century Californian Bungalow with 3 bedrooms-1 bathroom, whilst 2/646 has an appealing timber cottage nestled privately at the rear. The 3 bedroom-1 bathroom home has both an enclosed front yard and a spacious backyard with an inviting deck covered by a high pitched roof pergola. With a collective estimated rental return of $1100 approx. per week, you can ensure your investment works for you whilst you develop your plans. Ideally positioned in the heart of Bayswater, you'll enjoy the surrounding amenities and the ease of the lifestyle on offer. A short walk to Bayswater station and local buses, the recently upgraded shopping precinct with a range of cafes and restaurants, Bayswater Secondary College and an array of primary schools plus a number of parks, reserves and sporting facilities including the Dandenong Creek Trail, Marie Wallace Reserve, the Baywater Train Park and Bayswater Football Club. You're also in close proximity to Westfield Knox and Eastlink. Opportunities of this nature are in demand so act without delay; don't let this exceptional opportunity pass you by.