An outstanding opportunity in one of Melbourne's highly sought-after northern suburbs, offering an exceptional landholding with multiple possibilities for builders, developers, investors and owner-occupiers.

Combined, 203 & 205 Waiora Road provide approximately 1,858.24m² of land with a total frontage of 30.32m, creating a substantial landholding with exciting potential for future development, subject to the necessary council approvals.

DEVELOPMENT & INVESTMENT POTENTIAL

The properties offer a range of possibilities, including:

* Multi-residential development potential (STCA)
* Potential childcare site (STCA)
* Ideal opportunity for builders and developers
* Potential knock-down/rebuild opportunity for owner-occupiers
* Hold and invest while planning for future development
* Utilise the existing registered rooming houses, providing rental income while considering future development options
* Purchase one property individually or secure the entire combined holding

The existing homes provide an immediate income opportunity, allowing astute investors to generate rental returns while undertaking due diligence and planning for the property's longer-term potential.

PRIME HEIDELBERG HEIGHTS LOCATION

Positioned within a highly convenient pocket of Heidelberg Heights, the properties are located only minutes from a range of established amenities, including:

* Local train stations and public transport
* Shopping and local cafes
* Primary and secondary schools
* Austin Hospital and Heidelberg medical precinct
* Parks, reserves and recreational facilities
* Major arterial roads providing easy access throughout Melbourne

Located approximately 11km from Melbourne CBD, the properties combine substantial land with excellent access to employment, education, healthcare, transport and lifestyle amenities.

Opportunities to secure substantial parcels of land in an established inner-northern location are increasingly rare.

Whether you are a developer looking for your next project, a builder seeking a substantial site, an investor wanting immediate rental income, a childcare operator investigating a future site, or a home buyer looking for a knock-down rebuild, 203 & 205 Waiora Road warrant your immediate attention.

**Buy one. Buy both. Develop. Invest. Hold.**

The possibilities are considerable – inspect and explore the opportunity for yourself.

All development, subdivision, childcare and future use potential is subject to relevant planning controls, council approval and other statutory requirements (STCA). Purchasers should undertake their own independent due diligence.