561 & 563 Pascoe Vale Road, PASCOE VALE VIC 3044
$2,200,000-$2,400,000
SALE BY SET DATE Closing Tuesday 4th June at 5pm
Premiere Position, Premium Opportunity, Strathmore Zoning. Situated on a prominent corner directly opposite the Oak Park Sports and Aquatic Centre, and occupying approximately 1003m2 of prime flat land, this brilliant two-in-one offering is an opportunity to be seized, set within the Strathmore Secondary catchment, and offering astute builders and developers a lucrative investment in the future. Each site currently houses a mostly original and quite livable three-bedroom home with large yards and off-street parking, both currently leased and earning a combined monthly return of $3,824. Offering dual street frontages - 27.4m to Pascoe Vale Road and 36.6 to Main Street - the potential here is just incredible, with a multi-dwelling redevelopment both residential or commercial medical/child care centers on the cards (subject to all relevant approvals) utilizing the corner position to maximize the space and amenity for the new builds. Positioned just a short stroll from the natural beauty of the Moonee Ponds Creek Trails, and close to a selection of schools and local amenities, the convenience on offer is second-to-none. Placed in between both Oak Park and Pascoe Vale stations, it's also close to shops and major arterials, and just a two-minute drive from CityLink.
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