Block size: 1121 m² approx.House size: 340 m² approx.UV: $765,000 (2018)
Potential residential development site in a prime Red Hill location.
A blue ribbon Inner South location, RZ2 Suburban Core zoning and a block area of 1121 square metres, within a short walking distance of local shops and schools, combine to make this potential residential development site an exceptionally attractive proposition.
The gently sloping block is further enhanced by clear views to Black Mountain and Red Hill across a north eastern boundary of approximately 50 metres with a further frontage of approximately 43 metres to tree lined Borrowdale street.
The property stands to benefit significantly from the imminent and major revitalisation of the immediate local area bound to result from the development of Red Hill's landmark project - 'The Precinct' - by Stockland and Doma Group.
Initial investigation indicates the site could yield up to 4 dwellings under the adaptable housing provisions, with an allowable plot ratio of 50% providing a gross floor area of 560.5 square metres with a two storey height control. A well considered design across this site could cater perfectly to a burgeoning downsizingmarket. An initial site arrangement concept comprising 3 separate dwellings of approximately 187 m2 each completed by ASDS is provided here for information purposes.
The existing, substantial house, which is currently let, has been significantly improved through renovation in recent years and would provide an impressive family home.
Description: Block 18 Section 29 Red Hill. Approximate Potential Site Area : 1121 square metres. Approximate Frontage: 43 metres to Borrowdale Street Zoning: RZ2 Suburban Core Zone Current Improvements: 2 storey, 4 Bedroom, 3bathroom house EER: 4
All boundaries shown are approximate and indicative only. Any reference to potential development capacity is approximate, indicative and subject to the buyer's own due diligence and all required approval by any relevant authority.