Our client has recently settled with their insurance company so this property is being offered for sale on an ‘as is, where is’ basis. Although the currently vacant dwelling may have seen better days, the option is there to clear the site making way for a smart new townhouse development. Enticing, fully fenced 429sqm section which benefits from Living Zone 3. Currently two dwellings are situated onsite; an ‘as is, where is’ home and a separate garage.
Big potential for lucrative advancement as the surrounding area is already proving popular with many new townhouse developments. Any building constructed on the site will take advantage of the corner profile; the site is situated for success. Perfect as a future land bank or for enterprising developers to work on now. CERA zoned TC3.
With the Central City, Edgeware shopping centre and The Palms just moments away, this location is incredibly sought after. Zoned for St Albans Primary School, Heaton Intermediate, Shirley Boys High School and Avonside Girls High School.
With many projects on the go our Vendor has decided to offer 515 Madras Street, St Albans to the open market. Any astute investor and developer will recognize the potential.
Interested in this property?
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