Calling all developers, investors, and builders - opportunities like this are few and far between.
This exceptional opportunity features two separately rated, dual occupancy 2-bedroom, 1-bathroom townhouses, each with their own single-car garage, positioned on a generous allotment of over 1,900m². The property previously had approved plans (now lapsed) to construct a further three townhouses (STCA), offering serious potential for future development.
Each townhouse is individually metered and has separate power and water connections, making them ideal for rental or strata subdivision purposes. All essential services - including sewerage - are already in place.
Key Features:
• Dual occupancy dwellings, separately rated with independent utilities
• Two 2-bedroom townhouses with open plan living and adjoining dining
• Spacious bathrooms with shower, vanity, and bath
• Each includes a single car garage and concrete driveway access
• Private backyards - perfect for raised veggie gardens or a small pet
• One townhouse is equipped with solar panels
• Wide street frontage with dual access points
• Potential rental return of approx. $350 per week each
• Existing house at the front could be removed to unlock full development potential
• Lapsed plans for three additional dwellings (STCA)
• Proximity to Vincent Road shops, Kmart, Coles, and the Wangaratta CBD
• A great fit for community housing providers or government agencies seeking long-term investment assets
The two existing homes require some rejuvenation to reach their full potential, but the combination of land size, services, and flexibility makes this an unmissable chance to capitalise in a growing market.
*EOI closes Monday 12th May 2025 at 5pm
For further details or to arrange a confidential discussion, contact our agency today.
