97 Hawdon Street, Heidelberg VIC 3084
RGZ1 - Development Opportunity in Central Heidelberg STCA
Taking advantage of a central Heidelberg location, just metres from excellent shops, restaurants and cafes on Burgundy Street, with Heidelberg Station and beautiful Heidelberg Park just a stroll away, and only 20 minutes from the city, this stunning residential development opportunity (STCA) on 1167sqm (approx.) is ideally placed within the Residential Growth Zone (RGZ1) and well-positioned for major hospitals - creating immediate appeal for professionals and investors alike looking to develop apartments.
The existing circa-1960 apartment complex comprises four well-presented dwellings that are perfectly liveable - two 4-bed, 2-bath, 2-car, and two 2-bed, 1-bath, 1-car apartments - with potential rental returns of approx. $81k p/a, providing the attractive scope to earn rental income while you make your development plans. Within the highly sought-after Viewbank College zone. Heidelberg is fast shaping up as a Major Activity Centre and will become a key transport hub in Melbourne's Suburban Rail Loop. Opportunities of this calibre are rare, so make the call today!