Builders, developers and astute investors will recognise the value of this outstanding land holding, perfectly placed in one of Lilydale's most convenient pockets. Set on a level 966sqm approx. allotment with a generous 19.5m frontage, the site sits within the Residential Growth Zone – Schedule 1 (RGZ1), a zoning that encourages increased housing density, with a Design and Development Overlay (DDO7) in place guiding the form of future development.
The flat contour and wide frontage open the door to a range of possibilities, from a multi-dwelling townhouse project to a substantial new family home, built to suit (STCA). The existing dwelling has been damaged by fire, is not habitable, and is being sold for its land value only; inspections are strictly by appointment, with no entry to the dwelling.
The location speaks for itself, just moments from Lilydale Train Station, Lilydale Lake and playground, Lilydale Marketplace Shopping Centre, and the shops, cafés and restaurants of Main Street. It is also close to Victoria Road Primary School and Lilydale High School, with easy access to major arterials and Eastlink. Opportunities of this calibre in a growth zone this close to the town centre are rarely offered, so secure your next project today. Buyers are advised to make their own enquiries with Yarra Ranges Council regarding planning and development potential.
Disclaimer: Barry Plant Lilydale has taken every care and precaution in ensuring any and all information contained herein is true and accurate. We accept no responsibility and disclaim all liability in respect to any errors or inaccuracies that may occur from this information. We advise any prospective purchasers/renters to make their own enquiries; due diligence to verify the information provided is correct.
