House for sale
70-72 Cottrell Street,
9 3 4
INVESTOR'S DREAM OPPORTUNITY- PLANS AND PERMITS APPROVED FOR 74 APARTMENTS AND 2 RETAIL STORESTrue Value Real Estate proudly presents this unique opportunity in the heart of Werribee district, within walking distance to Werribee Train Station (600m) and Watton Street shops and caf precinct (500m).
Positioned in the sought-after Werribee precinct, this site is permit approved for 74 apartments which are strategically designed to contain a mix of 1,2 and 3 bedroom apartment configurations, 2 retail stores and 84 car park spaces. Its proposed innovative and aesthetically pleasing architectural design will certainly appeal to this area's discerning buyers.
With a highly desirable land size of approximately 2024 SQM, this site currently consists of two (2) income producing dwellings on separate titles with potential rental return of $50,000 per annum. The dimensions plans and approved permit all represent great upside potential for the insightful developer and investor looking to capitalise on one of Melbourne's key growth locations. Overall, Werribee is perfectly located with its popular retail, commercial and residential precincts, parklands, transportation, educational options and its proximity to freeway links.
Development sites in a truly great location are in particularly short supply - combine this with Werribee's strong buyer demand and you really have a strong property asset. The approved plans and permit represent a substantial cost saving and importantly the purchaser has the option of a holding income stream up until the commencement of development.
- Valuable land holding of 2024 sqm
- Approved permit for 74 apartments and 2 retail stores
- Innovative architectural design
- Activity Centre Schedule 1 (ACZ1) Zoning
- 2 existing dwellings on 2 titles with holding income
- Capitalise on strong buyer demand for Melbourne's west
For further enquiry please feel free to contact Jande Turksoy 0432 627 743 Or Majid Afsari on 0406 075 531 or Haseeb Syed on 0402 717 084
DISCLAIMER: All stated dimensions are approximate only. Particulars given are for general
information only and do not constitute any representation on the part of the vendor or agent.
Please see the below link for an up-to-date copy of the Due Diligence Check List:
Last updated: 07:19PM on Oct 18th 2018