Positioned within GRZ1 (General Residential Zone Schedule 1), this expansive corner landholding of 2,178sqm (approx.) offers versatile zoning with boundless potential for development.

Whether you envision a sophisticated townhouse enclave, a state-of-the-art childcare center, a modern medical facility, or even a convenient fast-food outlet or service station, this property provides the canvas for your vision.

With an impressive 242m (approx.) of street frontage on a prominent location, this high-profile corner commands attention and offers unparalleled visibility for your development project. Strategically situated, it presents an exceptional opportunity to capitalise on Templestowe's growing demand for quality real estate offerings.

The property currently hosts two existing commercial buildings, presenting a unique opportunity for immediate income generation, while you plan and execute your development strategy. Alternatively, explore the potential for value-added opportunities to enhance the property's appeal and profitability.

Subject to council approval, the development possibilities are endless. Whether you're considering medium-density townhouses to cater to modern lifestyles, childcare facilities to support families in the area, or medical centres to meet the community's healthcare needs, this property offers development flexibility platform for your ambitions.

The existing buildings, are currently utilised for medical purposes, will be sold with vacant possession, providing you with the freedom and flexibility to embark on your development journey without delay. Whether you choose to renovate, redevelop, or start afresh, the possibilities are limitless (STCA).

With its strategic positioning, enjoy direct exposure to major arterial roads such as Williamsons Road and Porter Street/Templestowe-Warrandyte Road, ensuring convenient access for both residents and commuters alike. This prime location further enhances the appeal and visibility of your future development.

Nestled in the heart of Templestowe within a desirable locale, residents will appreciate the convenience of nearby amenities, including the prestigious Templestowe Tennis Club, Templestowe Park Primary School, and the vibrant Templestowe Village Retail Precinct. This sought-after location promises a lifestyle of comfort and convenience.

Benefit from excellent transport connectivity, with two bus routes conveniently stopping right outside the property. This seamless access to public transportation facilitates easy travel to surrounding suburbs, further enhancing the property's appeal and accessibility.

Just 3.4 km north lies the renowned Westfield Doncaster Shopping Centre, a premier retail destination boasting an extensive array of shops, dining options, and entertainment venues. Relish the convenience of having this retail hub just a short drive away, adding to the allure of the property's location.

Land Area: 2,178sqm (approx.)

Floor Area: 420sqm (approx.)