An exceptional property of 540sqm approx. with unrivalled potential to build a multi-unit development (STCA), or a perfect place to build your family home in this rapidly changing GRZ2 zoned locale. With the existing use offering a whopping 80% (approx) site coverage there is potential to push the envelope to new limits within this zoning (STCA).
A range of development options from apartments to townhouses or a single dwelling, shopfronts to commercial use are possible, and can be sold as vacant possession or with an existing operating business.
With flexible settlement terms and rear lane access via Tranmere Avenue, anything is possible to create the best use of this rare offering. Brilliantly located between Murrumbeena Village and the trendy Koornang Road eat-street, with easy walking distance to 2 train stations, a tram, Koornang Park and local schools.
For property investors, 2026 presents an interesting opportunity in the Melbourne market. While the broader property market has experienced some softer conditions, the rental market continues to show resilience, with strong tenant demand, rising rents and limited housing supply creating favourable conditions for well-selected investment properties. So, is Melbourne’s rental market still worth considering in … […]
The Bentleigh property market continues to demonstrate remarkable resilience, with strong buyer demand underpinning sales activity despite broader fluctuations across Melbourne’s real estate landscape. Known for its family-friendly atmosphere, excellent schools, vibrant shopping precinct, and convenient transport links, Bentleigh remains one of Melbourne’s most sought-after south-eastern suburbs. Located just 13 kilometres from Melbourne’s CBD, Bentleigh … […]