Positioned right in the heart of central Cranbourne’s Activity Zone is this superb opportunity for a developer or investor.
Set on a large 766m2 block, the property comes complete with plans and a council approved planning permit for 5 double storey townhouses to be constructed.
Located less than 500m to Cranbourne Park Shopping Centre, busy High Street, and only a 800m walk to Cranbourne train station, the property is positioned opposite Cranbourne Secondary School making it one of the most perfectly located development options the area has to offer.
Currently featuring a fantastic rental yield with 2 separately leased residences under the one roof at a total of $511 per week.
To obtain a copy of the approved plans contact Keith on 0409 708 706.