73 Lea Road Mulgrave


An exceedingly rare offering for the astute investor, builder, developer or families looking for an exciting townhouse development opportunity in the tightly held pocket of Mulgrave with this fantastic family home on a generous block of 739m2 approx., complete with approved and plans and permits to build two brand new four bedroom townhouse. Start building as all the time and efforts of dealing with council bureaucracy has been saved for you and with all the hard work of obtaining town planning permit completed, you can now focus on the exciting construction and most importantly making profit.

Sitting proudly on a quiet, leafy street in one of Mulgrave's most sought after locations, the existing dwelling is currently tenanted with a lease until the end of this year, giving you the appropriate time to obtain your building permit.

The plan and permit features two four-bedroom townhouses, each with three living areas and double garage. Townhouse number one measures 30.4sq (approx.), with number two at 27.4sq (approx.).

Consider all your options: live in one and rent out the other, rent out both to supercharge your income, or take the opportunity to live with extended family members on the same block but in separate residences.

Situated in a sensational school-ready location with just a short walk to most of Mulgrave's local schools including St John Vianney's, Albany Rise Primary and Wellington Secondary. Local transport is a breeze with bus stops right on your doorstep to take you to Waverley Gardens Shopping Centre plus a short stroll to Wanda St local village and easy access to both M1 Freeway and Eastlink. This opportunity is as rare as it comes so act quick!

Designed by APT Architecture PTY LTD

Agents representing 73 Lea Road

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