Cranbourne: An exceptional opportunity awaits investors and developers with this premium corner block sitting on approximately 1,033sqm, boasting approved council plans and permits to construct 4 architecturally designed townhouses and 4 apartments, for a total of 8 dwellings. Alternatively, expand your investment scope with a potential 4-unit development (STCA). This rare find in one of Cranbourne’s most sought-after pockets presents a turnkey development opportunity with all the hard work already done!
The existing property is a beautifully maintained residence featuring 3 spacious bedrooms, a dedicated study, 2 bathrooms, and a double garage, making it perfectly liveable or rentable while preparing for development. The bright and welcoming interior, multiple living zones, and generous alfresco area provide a warm and functional family space. This property offers a solid rental return of approx. $2,100 per month, making it an attractive option for investors seeking steady cash flow and long-term growth potential.
But the real value lies in the approved plans and permits, allowing you to fast-track your project without the delays of lengthy planning applications. With the green light to develop 4 separate townhouses, each with 4 apartments, this site offers an incredible potential return on investment.
Key features include:
•Corner block with dual street frontage – optimal for access and design flexibility
•Approved plans & permits for 16 dwellings
•Strategic location – close to Merinda Park and Cranbourne train stations, schools, shops, and major arterials
•Strong growth area with increasing demand for high-density housing
•Three Spacious Bedrooms + Study
•Master with Ensuite and spa
•Waterproof Floorboards
•Downlights
•Double Space Garage
•Covered Alfresco Area
•Fireplace
•Shed
•Heating and Cooling
This is a golden opportunity for developers to capitalize on Cranbourne’s rising demand and secure a future-proof investment. Whether you're looking to landbank, rent the existing home, or commence construction immediately, this site is ready to deliver strong returns.
Opportunities like this don’t come around often – enquire now and secure your future in this high-growth corridor.
The property is conveniently positioned within a short distance to:
•Cranbourne Park Shopping Centre
•Springhill Shopping Centre
•Rangebank Primary School
•Cranbourne Secondary College
•Hunt Club Nature Reserve
•Cam Reserve
•Merinda Park Train Station
•Cranbourne Train Station
Chattels: All fittings and fixtures as inspected
Deposit terms: 10% of the purchase price
Preferred Settlement: 30/45/60/90/ days
Don’t miss this opportunity to secure a fantastic home in a sought-after neighbourhood. Whether you're starting out or adding to your portfolio, this property is ready to impress!
For more Real Estate in Cranbourne contact your Area Specialist Khaled Arabzadeh 0416 481327
PHOTO ID REQUIRED AT OPEN HOMES
Due diligence checklist: http://www.consumer.vic.gov.au/duediligencechecklist.
Disclaimer: All stated dimensions in the content and photos are approximate only.
Note: Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves with any pertinent matters.
