Presenting a strong foundation for today and well into the future, unlock the powerful potential of this wide-ranging opportunity over a vast 1,031m2 (approx.). Take full advantage of this huge block on the one title, all underpinned by a high-demand GR5 residential zoning.

Inviting fresh ideas, the choice is yours. Capitalise on the high investment potential of the existing commercial and residential arrangements, or start afresh with the chance to piece together a multi-level, multi-residence development (STCA) in a sought-after location. Boasting a far-reaching frontage of 30.4m with a depth of 33.92m (both approx.), the attractive dimensions will supercharge your imagination.

Whatever path you choose, there is plenty to work with here. A medical centre is currently trading at 177, a restaurant at 179 has recently closed, while at the rear, a rented 4 bedroom home spreads out in an elevated setting. All the residences are capable of generating secure income while your grand plans are prepared and finalised, subject to council approval.

• Favoured GRZ5 zoning
• Two commercial and one residential operations
• Front retail outlet comprises heating/cooling, powder room and car parking
• Rear unit includes 4 bedrooms with BIR, a two-way bathroom, lounge, kitchen, laundry, heating/cooling, courtyard and 3 undercover car parks
• Medical centre has a reception, 4 treatment rooms, kitchen, 2 WCs and 6 dedicated car parks
• Combined potential return of approximately $115,000 per annum

Moments from Wheelers Hill Shopping Centre and the lush greenery of Jells Park and Monash Gallery Reserve, enjoy easy access to the Monash Freeway, Brandon Park Shopping Centre, leading schools, Wheelers Hill Library and Mulgrave Country Club. It all adds up to an outstanding lifestyle choice.

For more information, please contact Eric Lim today.