A Permit Worth Fighting For - Now Yours to Build On

An outstanding opportunity awaits in one of Altona's most tightly held and desirable pockets. This original 1960s brick veneer home on 533sqm offers far more than meets the eye. Behind its modest three-bedroom, one-bathroom façade lies an asset with unmatched upside: fully approved plans and permits for two luxury town residences, each comprising four bedrooms, three bathrooms, and bold architectural presence.

Securing development approval in this location is near-impossible, yet it's been done. The developer has already conquered the uphill battle at VCAT, delivering a permit that few would ever be able to obtain in this precinct. The path to construction is now clear. The hard part is over. Situated moments from the tranquility of Cherry Lake, with walking tracks weaving through lush surroundings, and just a short stroll to the ever-vibrant Pier Street Village, this address seamlessly blends lifestyle with connectivity. Altona Station, local schools, and key arterials are all easily accessible, reinforcing the value of this blue-chip location. The projected end value sits confidently at approximately $1.3 million per townhouse, with strong rental demand expected to deliver $800 per week per residence - a compelling prospect for the discerning developer or investor seeking premium returns in a proven growth corridor.

The groundwork has been laid, and the numbers speak for themselves. As the saying goes - High stakes, higher rewards.

DISCLAIMER: To inspect this property, we kindly ask you to provide photo identification as a condition of entry.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

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