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Bespoke Development Goldmine: 736sqm GRZ5 allotment in elite Camberwell Pocket
Boroondara
· 4 Bedrooms · 2 Baths · House
Boroondara · 4 Bedrooms · 2 Baths · House
Offering significant development potential in a prized Camberwell setting, this substantial 736sqm (approx.) landholding presents an exciting opportunity for developers, builders and astute investors. Zoned GRZ5 and offered together for the first time, the site comprises two established residences, creating outstanding scope to explore a future redevelopment and maximise the potential of this well-positioned allotment (STCA). With two existing homes already in place, the property also provides valuable flexibility while future plans are considered. Each residence features two bedrooms and one bathroom, offering the potential to generate rental income in the interim, retain and enhance the existing dwellings, or investigate redevelopment options that take advantage of the site's generous proportions and highly sought-after location (STCA). Positioned in a tightly held Camberwell pocket, the property is moments from Burke Road, Camberwell Junction and Hartwell Village, with Route 72 tram
Offering significant development potential in a prized Camberwell setting, this substantial 736sqm (approx.) landholding presents an exciting opportunity for developers, builders and astute investors. Zoned GRZ5 and offered together for the first time, the site comprises two established residences, creating outstanding scope to explore a future redevelopment and maximise the potential of this well-positioned allotment (STCA). With two existing homes already in place, the property also provides valuable flexibility while future plans are considered. Each residence features two bedrooms and one bathroom, offering the potential to generate rental income in the interim, retain and enhance the existing dwellings, or investigate redevelopment options that take advantage of the site's generous proportions and highly sought-after location (STCA). Positioned in a tightly held Camberwell pocket, the property is moments from Burke Road, Camberwell Junction and Hartwell Village, with Route 72 tram
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