Development Potential In A Prime Location - Zoned R3

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Seize a rare opportunity to invest in a property with exceptional development potential. This north-facing, 575m² (approx.) block, zoned R3, is perfectly positioned in a quiet street, offering a multitude of possibilities for savvy developers and investors.

Key Features:

• Zoned R3 – Medium Density Residential: This zoning allows for the potential to develop townhouses, duplexes, or apartments, making it an ideal investment for those looking to capitalize on the growing demand for housing in the area.

• Spacious 575m² Block: The generous block size provides ample space for redevelopment, whether you're considering a multi-unit project or a modern townhouse complex.

• Prime Location: Situated in a tranquil, family-friendly neighborhood, the property offers the perfect balance of serenity and accessibility, making it an attractive option for future homeowners.

• Existing Dwelling: The current home, featuring three well-sized bedrooms, two large living areas, and a cozy sunroom, can be leased out while you plan your development, generating rental income and offsetting holding costs.

With Corrimal's vibrant shopping and dining precinct just a 5-minute drive away, and stunning beaches within a 10-minute drive (approx.), this property offers the perfect blend of convenience and development potential. Don't miss out on the chance to transform this prime parcel of land into a lucrative investment.