Prime Development Opportunity - 1,434sqm Level Block Zoned for 6 Townhouses (STCA)

Prime Development Opportunity, 1,434sqm Level Block Zoned for 6 Townhouses (STCA), 450m to Beach. Tenanted Investment with Immediate Yield & Future Potential

This tightly held 1,434sqm (approx.) level block presents a rare and compelling development proposition in sought-after Safety Beach. With beach access just a 450m stroll away and excellent transport links via Peninsula Link, the location is ideal for a premium townhouse project.

The existing tenanted dwelling provides immediate rental income while you plan for the future. The site's significant dimensions (30.2m x 47.5m) and zoning offer the potential for a 6-townhouse subdivision (Subject To Council Approval), representing a substantial capital growth opportunity.

Property Highlights:
· Land: Approx. 1,434sqm level block, ideal for subdivision (STCA).
· Location: 450m walk to Safety Beach. 2-minute drive to shops.
· Existing Dwelling: 4 beds, 2 baths, study, dual living areas. Currently tenanted.

Key Feature:
· Massive 13m x 7.5m powered shed (with 15-amp plugs), perfect for trades or storage.
· Infrastructure: NBN Fibre to the Premises, 5G coverage.
· Zoning: Falls within the catchment for Dromana Primary and Secondary College.
Explore the significant potential of this site. Perfect for developers or investors seeking a strategic land bank with current income.