Sold

80 Railway Parade,
Dandenong 3175, Victoria

828m² land size
Land

$750,000


Property details

PRIME DEVELOPMENT OPPORTUNITY NOT TO BE MISSED!

Ray White Dandenong proudly presents this golden opportunity to any developer/builder looking to start a highly rewarding project in the heart of Dandenong. This unique development site sitting on a block of 828m2 offers plans, permits, and engineering drawings approved for 2 double storey dwelling and 1 single storey dwelling. Utilising the space available exceptionally well, this project ensures maximum return on investment. All the hard work has been done for one lucky buyer.

No matter which way you look at this project it's a winner, develop and lease or develop and sell, there is money to be made either way. This is a perfect project for a builder or savvy investor.

The following 3 properties offer:
- Lot 1 Double Storey - 3 bedrooms, 2 Iiving , 2 bathrooms, 3 toilets, single garage
- Lot 2 Double Storey - 2 bedrooms, study, 1 bathroom, 2 toilets, single garage
- Lot 2 Single Storey- 3 bedrooms, 2 bathrooms, 1 Living, 1 Carport

Potential Selling value once completed:
- Lot 1 Double Storey - Estimated value $690,000-$750,000.
- Lot 2 Double Storey- Estimated value $600,000-650,000.
- Lot 2 Single Storey- Estimated value $680,000-$720,000.

Potential Rental return once completed for 3 bedrooms will be $630 - $670 per week and for 2 bedrooms will be $500-$550 per week.

Either take advantage of this great opportunity or take advantage of this prime location which allows many more alternatives such as a child care facility, medical centre and much more STCA.

Located in the heart of Dandenong, it doesn't get more convenient than this, you are opposite the Dandenong Station within walking distance to the Dandenong Plaza, Dandenong Market, Hemmings St Shops, Chisholm Tafe, Recreational Facilities, an abundance of Pre-Schools, Primary and High Schools.

Call Fatima Rezai 0412 708 141 for any further information!

PLEASE NOTE:
- Photo ID required at all open for inspections
- All information contained therein is gathered from relevant third-party sources. We cannot guarantee or give any warranty about the information provided. Interested parties must rely solely on their own inquiries.

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.

Due diligence checklist for home and residential property buyers.


Explore the area


School catchments

  • Dandenong West Primary School Primary Prep-6 Government 0.26km
  • St Gerard's School Primary Prep-6 Catholic 1.4km
  • Dandenong North Primary School Primary Prep-6 Government 1.5km
  • Yarraman Oaks Primary School Primary Prep-6 Government 1.6km
  • Dandenong Primary School Primary Prep-6 Government 1.8km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.


Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.


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