Property ID 1774
SOLD FOR A RECORD PRICE OF OVER $2.3 MILLIONLocated within Melbourne's Urban Growth Boundary, this private allotment of 8 acres (approx) in Beveridge township represents an excellent Investment/Future Development Opportunity.
Their is a neat 3 bedroom plus study weatherboard home which is currently tenanted and returning $390 per week rent. the house is comprising of numerous outbuildings and shedding, three car garage, ample water supply with abundant rain water storage. Located close to the freeway.
The Planning Consultant Company has conducted a feasibility study on this block and confirmed that approx. 60 lots are possible with an average block size of 450sqms when this block will be subdivided and the expected profit margin after the development.
Beveridge is just 36kms from Melbourne's CBD and is growing rapidly with high-density developments. Allotments of this size are bound to become much sought-after.
Please contact RISHI VOHRA on 0448 977 264 if you would like to view the feasibility and the profit margin documents prepared by Planning Consultant Company.
NOTE: THIS BLOCK OF LAND IS PART OF BEVERIDGE CENTRAL PSP 1062 AND THE EXPECTATION IS THAT THIS BLOCK WILL BE REZONED INTO RESIDENTIAL ZONING WHICH SHOULD BE COMPLETED BY END OF THIS YEAR (SUBJECT TO COUNCIL APPROVAL)