172 Foster Street, Dandenong, VIC 3175

172 Foster Street, Dandenong, presents an exceptional opportunity to acquire a prominent corner property in a dynamic urban setting. Located at the intersection of Foster and New Streets, directly across from Dandenong Plaza, the site benefits from substantial foot and vehicle traffic, offering significant potential for both commercial and residential use.

This property features 5 spacious bedrooms, three toilets, providing ample convenience for a larger household. It includes a double carport with additional space to park 3+ cars, offering plenty of room for vehicles and extra storage. Ideal for families or those with multiple vehicles.

Zoned under Residential Growth Zone 1 with development-friendly provisions, this property is ideally suited for a variety of projects such as apartments, townhouses, medical centres, or commercial spaces, with the potential for up to four levels. Additionally, its location within the Dandenong Declared Project Area offers the advantage of no height restrictions and the possibility of ministerial fast-tracking, enabling the development of larger-scale projects such as 60+ apartments.

The existing double-brick building is well-maintained and offers a versatile layout, featuring high ceilings, large windows, ducted heating, reverse-cycle air conditioning, and integrated Ethernet and PABX systems. These attributes make the building suitable for a range of uses, from professional practices and residential living to mixed-use developments. The property?s main road frontage provides excellent visibility for signage, further enhancing its appeal for commercial use.

With reduced parking requirements under the TZ2 Road designation, this site offers a cost-effective solution for commercial or medical ventures. Located in one of Dandenong?s most accessible areas, with shops, restaurants, a cinema, schools, and public transport all within close proximity, this property is a prime location for investment, development, or occupation.

172 Foster Street represents a rare and valuable opportunity to create a distinctive and high-impact project in Melbourne?s thriving southeastern corridor.

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Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves of any pertinent matter.