53 Westley Street, Ferntree Gully 3156Sold

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The smart developer could expand this to a Townhouse Development (STCA) and further capitalise on the perfect location enjoying an oversized frontage to Westley Street (perfect rectangular flat block).
Exceptional investment potential to explore a range of options including the design and construction of multiple townhouses, retain and redevelop the existing home and build a second dwelling to the rear or 1 or 2 luxury new homes (STCA) or side by side Townhouses with their own street address (STCA).
Current house is tidy, rentable and with good bones. With a huge backyard, in a highly sort after rental location. Vendors are offering to rent back the home at a commerical agreed rent for 6 months whilst your plans and permits are being approved!
Ferntree Gully's appeal is obvious in the foothills of the Dandenong Ranges. Clear mountain views will be available from future development of this site. This location is an easy distance to the train station, shops and cafes as well as Knox Shopping Centre, walking distance to Mountain Gate Shopping centre. Wattle View Primary and Fairhills Secondary Schools in your area. All the convenience of a great suburban location with the benefits the Hills lifestyle and just 8 minutes' drive to 1,000 steps walking track.
Primed for a prosperous development future on an outstanding 880 sqm, presents the perfect opportunity for renovators, investors or developers seeking a multi-unit or new home site (STCA), Lease out while plans and permits are obtained or enjoy the investment now and develop later.
The substantial land dimensions of this block with a wide frontage presents an unmissable chance to start over and create your dream home or develop multiple luxury townhouses (STCA).

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