This parcel of land, once a dairy, has been rezoned R3 Medium Density and is approx. 900m to Morisset Railway Station, PLUS the entire shopping centre and bus routes. Good street frontage, moderate slope for good drainage, and a rear lane (currently unused), make for easy access.

Once the first of these parcels is purchased and developed, the demand will increase along with the land prices. This is a brilliant opportunity! Some of the best developments are along major rail corridors at “all train stop" stations. The vendor has engaged Morrison Design Partnership to do a feasibility study on the land with the following results:

“We believe we can achieve 8 units on the site. This is based on the following:

• 3 storey / 3 Bedroom units

• Single car garages

• Walk ups / no lifts.

• Compliance with all setbacks

• Compliance with height requirements

• Compliance with GFA controls

• Compliance with max building coverage controls.

• General landscape compliance requirements.

• Approximation of the site boundaries as obtained from the aerial imagery.

This does not factor in:

• Reduction in building footprint due to:

o Bushfire

Pay deposit now and pay balance in 12 months time.

This owner is open to a 12 month settlement with 10% deposit upfront released to the vendor and 90% paid on completion in 12 months time.

Owner is willing to permit development applications to be submitted on the land prior to settlement.

It must be noted this is a maximum possible yield which may be reduced subject to the items noted above."

This assumes the vendor would obtain council approval for any development. The plan referred to above can be viewed in the photos.

Contact our office on 02 4958 8555, 7 days, for further information.