Planning Permit Approved, Location Secured, Potential Unlimited

An outstanding opportunity presents itself with this prime property, complete with planning permit approved for four architecturally designed townhouses on approximately 700sqm of land. Ideally positioned in a thriving and highly sought-after pocket, it's a rare chance for developers, investors, or astute buyers to secure a project with significant future growth potential.

The existing residence offers three generous bedrooms, a central bathroom, a spacious backyard, and a wide side driveway leading to a garage. Currently leased, it delivers a
reliable rental return while you prepare for future development (STCA).

A versatile mix of modern townhouses:

*-Townhouse 1: 3 bedrooms, 2 bathrooms, 1 garage with private driveway

*-Townhouse 2: 2 bedrooms, 2 bathrooms, 1 garage

*-Townhouse 3: 2 bedrooms, 1 bathroom, 1 garage

*-Townhouse 4: 3 bedrooms, 2 bathrooms, 1 car space

Superbly located within walking distance to Summerhill Shopping Centre (approx. 400m) and just moments from Northland Shopping Centre, Broadway shopping strip, Reservoir Station, La Trobe University, and Tram 86, the property ensures lifestyle convenience and excellent rental appeal.

Whether you choose to develop or landbank for the future, this is a rare offering in one of Reservoir's most desirable locations.

Currently leased month to month and return $26,076 p/a

Important Information:

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Material Facts: Refer to the Contract of Sale and Vendor Statement for all disclosures.

While every effort has been made to ensure the accuracy of the information provided, Ray White Thomastown does not accept any liability for errors or omissions. Interested parties are advised to conduct their own investigations to confirm all details, including land size.

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

Reservoir High School-Heidelberg Secondary Teaching Unit Secondary Government 0.34km
Reservoir East Primary School Primary Prep-6 Government 0.38km
Reservoir High School Secondary 7-12 Government 0.41km
Holy Name School Primary Prep-6 Catholic 1.0km
Our Lady of the Way School Primary Prep-6 Catholic 1.2km
Preston North East Primary School Primary Prep-6 Government 1.3km
Kingsbury Primary School Primary Prep-6 Government 1.3km
St Monica's College - St Stephen’s/Gaudete Campus Secondary Catholic 1.3km
St Stephen's School Primary Catholic 1.3km
East Preston Islamic College Combined Prep-12 Independent 1.5km
Preston Primary School Primary Prep-6 Government 1.6km
Charles La Trobe P-12 College-The Pavilion Campus - Preston East Combined Government 1.8km
St Gabriel's School Primary Prep-6 Catholic 1.8km
Northern College of the Arts and Technology Secondary 10-12 Government 1.9km
Reservoir Views Primary School Primary Prep-6 Government 1.9km
Reservoir Primary School Primary Prep-6 Government 2.0km
Maharishi School of the Age of Enlightenment Primary Prep-6 Independent 2.1km
Charles La Trobe P-12 College-Olympic Village Primary Campus Combined Government 2.5km
Preston High School Secondary 7-12 Government 2.6km
SEDA College (Victoria) - J.E Moore Park Campus Secondary Independent 2.7km
SEDA College (Victoria) - AFL- Preston Secondary Independent 2.9km
Parade College - Preston Campus Secondary Catholic 3.0km
Reservoir West Primary School Primary Prep-6 Government 3.0km
Ivanhoe Grammar School - University Campus Combined Independent 3.1km
Charles La Trobe P-12 College Combined Prep-12 Government 3.1km
Charles La Trobe P-12 College-Deaf Facility Combined Government 3.2km
St John's College Preston Combined Prep-12 Independent 3.5km

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.

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