77 Gateshead & 301 Stud Road Wantirna South VIC 3152

Exclusive Offering from Ray White Commercial

Discover a rare opportunity to secure a substantial infill site in the heart of Wantirna South. This prime corner allotment, spanning an impressive 1,501 square meters, presents an exceptional development potential.

Key Features:

• Residential Growth Zoning (RGZ): Benefit from the flexibility and desirability of Schedule 1 zoning.
• Prime Location: Situated just steps from Westfield Knox, this property enjoys a highly sought-after location.
• Elevated Land: The elevated terrain offers panoramic views and enhances development possibilities.
• Service Lane Access: A convenient service lane runs along the western boundary, providing easy access for future residents.
• Corner Site: The corner position provides ample frontage and visibility.
• Existing Income: Generate immediate income from the current dwellings with short-term leases.
• Development Potential: Explore various development options, including high-density residential or mixed-use projects.

Market Insights:

• Strong Demand: The local market is characterised by a shortage of similar-sized properties, driving demand for this exceptional opportunity.
• High Property Values: Average apartment prices in the area are $621,000, and average house prices in Wantirna South exceed $1,300,000.

To learn more or schedule an inspection, please contact:

Ryan Trickey: 0400 380 438
Will Jonas: 0422 883 011

*All measurements and figures are approximate. *Boundary lines are indicative only. *All information provided is believed to be accurate, but no representation is made by the vendor or agents.