2 Ridley Street, Albion VIC
RARE DEVELOPMENT/INVESTMENT OPPORTUNITY IN ALBION
Never to be repeated permit approved development opportunity on this 585m2 (approx.) block in Albion. Approved prior to the current “Garden Area” rules being introduced to all planning schemes thus enabling nine generous sized apartments to be built (8 x 2 bedroom and 1 x 1 bedroom). Current regulations would not permit approval for a development of this size and intensity and under todays rules would probably revert to only a permit for four residences, thus this approved planning permit is not to be missed:
Close proximity to Sunshine train station – only about a 14 minute walk.
Just 10 minutes walk via the Devonshire St walking rail line overpass to Sunshine’s shopping center and restaurant strip.
Approved for 9 apartments ranging between 52m2 to 82 m2 living area plus balcony/POS.
Each unit has its own car space, bike storage, and individual storage space.
The current 4 bedroom brick veneer dwelling on the block is rented.
Don’t miss this opportunity to capture perhaps the last development of this kind within close proximity to the center of Sunshine.
Contact Brenda Ngan on 0435152545 to obtain details.