Zain Real Estate presents to you a great opportunity to explore a perfect investment opportunity (Subject to Council Approval) in Wallan just 40 minutes north of Melbourne and is one of the few remaining lands of this size in the vicinity of great facilities such as Coles, Woolworths, doctors, dentists, chemists, restaurants, schools, colleges, and childcare centres.
Current market price in Wallan for half an acre (2000 sqm) property is estimated at $750,000 to $800,000 such as 41 Wellington St, Wallan, which sold recently for $800,000.
Also, Wallan can have council plan approval for up to 8 townhouses for half-an-acre block STCA such as 153 Raglan St, Wallan advertised for $840,000 to $880,000.
Given the property is approximately an acre (4046 m2) block, under one title, we believe developer/builder can get up to 16-18 townhouses approval (STCA).
The expected sale price is in the region of $1.6M with negotiable settlement time frame. For further information, please contact Ahmad Hashmi on 0423 646 730.