Double Block with Current Permits for 5 x Townhouses!
PLUS 1505 Heatherton Road, Dandenong North (2 x 3 bedroom and 3 x 2 bedroom homes)
Over a year’s hard work has gone into obtaining Town Planning Permits for this well designed 5 townhouse development site. Set on approx 1,200m2 on 2 separate titles this development can be safely put into your property portfolio for development either now or in the near future.
With proposed changes to negative gearing and capital gains exemptions, investors will need to be buying brand new properties rather than existing homes which puts the developer of this project on the front foot.
Two x 3 bedroom and three x 2 bedroom homes and a mixture of double and single garages within the development will cater for all price ranges and buyer needs. With two townhouses having double garages, and also having very large public open spaces of 138 and 133 sqm, new home buyers will certainly appreciate the extra space which you can charge a premium for when selling.
Set within easy walking distance of The Oasis swimming centre, Dandenong Hospital, Dandenong High and many other schools, Dandenong market and Plaza and so much more. Bus stop handy which provides easy access to Dandenong railway station.
There are currently two good homes on the blocks and each is rented to great tenants with a return of $32,760pa until you are ready to demolish.
Great opportunity for two business partners or family members to buy one block each and develop together. Do the sums- it makes great economic sense.
Plans and copies of the permits available upon request.
PREPARE YOURSELF NOW FOR THE FUTURE!