2 Cathcart Street, Maidstone

Prime Development Opportunity in the Heart of Maidstone

Strategically positioned in the highly sought-after Maidstone area, this corner allotment represents a rare and exceptional opportunity for developers and investors alike. Boasting Council-Approved Town Planning Permits, this site is fully prepared for the construction of three family-sized townhouses, offering an attractive prospect for immediate development.

Key Features of the Approved Development:
Unit 1: 17.8sq
Unit 2: 14.24sq
Unit 3: 15.33sq
Each meticulously designed townhouse includes:

Three generously sized bedrooms
Three modern bathrooms
A study/home office
Separate living and dining areas
Internal laundry facilities
Secure garage parking
Private lawn and patio areas
These residences are tailored to meet contemporary living standards, catering to families and professionals seeking a high-quality lifestyle.

Current Income and Location Highlights:
The property is currently generating a strong rental income of $550 per week, providing immediate returns while development plans are underway. Its prime location further enhances its appeal, with proximity to:

Public Transport for easy commuting
Western Hospital and other healthcare facilities
Maribyrnong Aquatic Centre for leisure and recreation
Highpoint Shopping Centre, one of Melbourne's premier retail destinations
Zoned Schools: North Footscray Primary School and Maribyrnong Secondary College
This location offers unparalleled convenience and connectivity, ensuring strong demand from potential buyers or tenants for the completed townhouses.

Investment Opportunity:
With Melbourne’s inner west experiencing continuous growth and development, this property provides a tangible and promising investment opportunity. The combination of approved permits, current rental income, and a prime location makes it a standout choice for savvy investors and developers ready to capitalize on its potential.

Seize this opportunity to secure a high-potential property in one of Maidstone’s most coveted locations.

Contact us today for more information:

Safwat Ali : 0468 420 204
Lateef Mohammed: 0433 568 575

For the latest Due Diligence Checklist, visit: consumer.vic.gov.au/duediligencechecklist

Disclaimer: All stated dimensions are approximate. Information provided is for general purposes only and does not constitute representation by the vendor or agent.

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