Description
Lifestyle Living in PSP with Development Potential
Prime Investment Opportunity in Wallan
Mann Estate Agents proudly offers an exceptional development or lifestyle property situated in the heart of Wallan, only 40 kilometres from Melbourne’s CBD. The property is located within the King Queen Street Development Overlay, making it a unique and valuable investment opportunity in an approved Precinct Structure Plan (PSP). Rarely does such a sensible lifestyle investment arise, and the current owners have secured approval for eight SDA villa units.
Key Property Features
The site includes an updated three-bedroom family home, currently leased for $550 per week. In addition, there is a spacious shed on the property that, although it requires renovation, has the potential to generate another income stream once improved.
Development Potential
Spanning over an acre—approximately 4,154 square meters—the property presents a superb opportunity for savvy developers or investors to acquire a remarkable asset in a prime location. The dual-side access further increases the appeal, offering flexibility and making subdivision a viable option, subject to council approval.
Convenient Location
Residents can enjoy a short walk to the main street shopping precinct and sporting grounds. Major retailers such as Aldi, Coles, Woolworths, McDonald’s, KFC, as well as doctors, dentists, pharmacies, restaurants, and the local shopping centre, are all less than a ten-minute walk away. Wallan is recognized as one of Melbourne’s fastest-growing outer areas, offering substantial growth potential. This is a rare opportunity to secure a property with outstanding prospects.
Contact Information
For further details, contact Dinesh at 0477 883 814 or Avi at 0474 269 237 today!
Photo ID Required Upon Inspection
Due diligence checklist – for home and residential property buyers – http://www.consumer.vic.gov.au/duediligencechecklist.
This document has been prepared to assist solely in the marketing of this property. While all care has been taken to ensure the information provided herein is correct, we do not take responsibility for any inaccuracies.
