2 Cathcart Street, Maidstone, VIC 3012

Strategically positioned in the highly sought-after Maidstone area, this corner allotment represents a rare and exceptional opportunity for developers and investors alike. Boasting Council-Approved Town Planning Permits, this site is fully prepared for the construction of three family-sized townhouses, offering an attractive prospect for immediate development.

Key Features of the Approved Development:

Unit 1: 17.8sq

Unit 2: 14.24sq

Unit 3: 15.33sq

Each meticulously designed townhouse includes:

Three generously sized bedrooms

Three modern bathrooms

A study/home office

Separate living and dining areas

Internal laundry facilities

Secure garage parking

Private lawn and patio areas

These residences are tailored to meet contemporary living standards, catering to families and professionals seeking a high-quality lifestyle.

Current Income and Location Highlights:

The property is currently generating a strong rental income of $550 per week, providing immediate returns while development plans are underway. Its prime location further enhances its appeal, with proximity to:

Public Transport for easy commuting

Western Hospital and other healthcare facilities

Maribyrnong Aquatic Centre for leisure and recreation

Highpoint Shopping Centre, one of Melbourne's premier retail destinations

Zoned Schools: North Footscray Primary School and Maribyrnong Secondary College

This location offers unparalleled convenience and connectivity, ensuring strong demand from potential buyers or tenants for the completed townhouses.

Investment Opportunity:

With Melbourne?s inner west experiencing continuous growth and development, this property provides a tangible and promising investment opportunity. The combination of approved permits, current rental income, and a prime location makes it a standout choice for savvy investors and developers ready to capitalize on its potential.

Seize this opportunity to secure a high-potential property in one of Maidstone?s most coveted locations.

Contact us today for more information:

Safwat Ali : 0468 420 204

Lateef Mohammed: 0433 568 575

For the latest Due Diligence Checklist, visit: consumer.vic.gov.au/duediligencechecklist

Disclaimer: All stated dimensions are approximate. Information provided is for general purposes only and does not constitute representation by the vendor or agent.