A Hot Spot Investment

$700,000 - $770,000

For Sale
3 Bedrooms
1 Bathrooms
2 Car Spaces
Sensationally positioned on a corner block, this 724m2 approx. site is well and truly based within the high density zoning (GRZ3) and surrounded by Ferntree Gully’s lively activity centre.
With a huge 43m approx. of street frontage on a flat block with absolutely no trees, this prime lot of land is your next opportunity to create a fantastic development of 3 dwellings (STCA).

Located in a highly pursued pocket which has seen copious amounts of success in re-sales and that’s understandable due to the abundance of useful amenities so close by.
Some of the locality highlights include being situated right across the road from Mountain Gate Primary School, HV Jones Reserve and of course, the ever bustling Mountain Gate Shopping Centre which includes Woolworths, Coles, plenty of eateries, Australia Post and much, much more.

The existing home itself is of high rental quality and can be tenanted out with ease, consisting of three bedrooms and one bathroom. In the current rental market, this home should bring an estimated return of $400.00 p/w.

Come and see for yourself the enormous potential this block has and reap the future rewards,
Call Andrew Lawrence to secure a private inspection or for further information on 0432 279 165.


Saturday 22 September - 01:00pm — 01:30pm

Property details

Type: Residential
Category: House
Garages: 2


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