Rare R20/50/100 Town Centre Development Opportunity's - Potential for Medium / High Density Residential, subject to planning approval and City of Belmont density bonus requirements.
Opportunity 1 - Address:154 Belmont Avenue, Rivervale.
Size: 973.49sqm
Zoning: R20-50-100
Potential options: 5 x (2-3 Bedroom Townhouses) or 8 - 10 Apartments (4-6 x 1Bedroom / 3-4 x 2 Bedroom).
Price: $1,645,000 @ 1689 per sqm
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Opportunity 2 - Address:150 & 152 Alexander Road, Rivervale.
Size: 2373sqm - Property hi-lited and adjoining property number 152 on RHS.
Two adjoining sites - Family Holdings with two-street access.
Zoning: R20-50-100
Potential options: Maximum potential - Initial investigations would suggest up to 38 apartments, a mix of 1, 2 or 3 -bedroom units over 3 levels with ground floor parking OR 14 x 3 Storey Townhouses.
Price: $4,100,000 @ $1,685 per sqm.
Should you have any further questions or would like to discuss the next steps please give me a call.
Disclaimer:
All information provided is believed to be accurate at the time of publication but is subject to change without notice. Prospective purchasers should make their own independent enquiries and satisfy themselves as to the accuracy of all information, inclusions, dimensions, specifications and development potential before making any purchasing decision. Deximal Property Services makes no representation or warranty as to the accuracy or completeness of the information provided.
