House for sale

62-72 Victoria Road,

Narre Warren, VIC

4 2 2
Auction Saturday 24th June at 12Noon
Under Offer

1 acre of development land in the heart of town

Set in the heart of Narre Warren, north of the highway, this Residential 1 zoned block in excess of one acre not only offers a current permit to sub-divide the block into 8 x smaller blocks, ranging in size from 401m2 to 872m2, but also offers the lucky purchaser the chance to further sub-divide into higher density town house sites (possibly up to 15 town houses) STCA.
With buyer activity at unbelievably high levels in this part of town and prices pushing through the roof, the opportunity to secure an opportunity like this, in this much sought after postcode has now become a once in a lifetime offering. Further add a neat and clean 3 bedroom home with a full appointed kitchen, 2 bathrooms and much more which you can rent out whilst you plan your next move, is a further bonus.
All set with walking distance to local schools, sporting facilities and Fountain Gate Shopping Centre, and only minutes to the Princes Hwy and the South Eastern freeway, offering you direct access to the city, Berwick is also only a 5 to 10 minute drive up the road with all its restaurants and sought after public and private schools.
Our vendors have done all the leg work with getting a permit to sub-divide this rare offering leaving you nothing to do but invest a little more and reap the returns. "We are not testing the market and are looking to sell!"
With town house sales fetching in excess of $500,000 in this area and blocks selling for between $350,000 and $450,000 of a similar size, in Hampton Park and Cranbourne, you could expect sale prices averaging upwards of $400,000 on these blocks. This priced to sell property offers the lucky purchaser the opportunity to make to leave your mark as this is the last of the land, should you choose to further develop same. Once sold, there is no more land in these parts, but many buyers want to live here.
For a section 32, copies of the existing permit and plan of sub-division, please call the listing agents.
Last updated: 11:07AM on Jun 27th 2017
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