49 James Street, Dandenong VIC Sold - Sold for $595,000

745sqm in sought after location!

This property is one of the last remaining development opportunities on James Street and comes onto the market for sale for the first time in 80 years. Sitting on a land area of 745 sqm (approx.) in a General Residential Zone – Sch 1 (Greater Dandenong Planning Scheme) this property allows for an astute developer/builder to build multiple units/townhouses with a maximum return (STCA). Located in one of central Dandenong’s most sought after and premium pockets, this home is perfectly positioned with walking access to Dandenong High School, Dandenong Hospital, Chisholm TAFE and public transport services. With an existing weatherboard dwelling that offers 2 bedrooms, 1 bathroom, formal lounge area and separate kitchen/meals area, you can generate a rental yield whilst drawing plans and obtaining permits to build your next project (STCA). The resale value of newly constructed units and townhouses in this area is also something to consider with this project, as this pocket is generally known for fetching premiums on newly constructed homes. This opportunity is presented once in a life time and could be your nest egg for the next 30 years! Do not wait until it is gone. Make sure you view this property now!

Contact: Neb Delibasic on 0411 332 467

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