Rare development opportunity
The time has come for this beloved family home to transition to new ownership, offering a unique opportunity for those with a vision for the future. Nestled at the top of Pitt Street, this property is situated in a highly sought-after area, attracting interest from a diverse range of potential buyers.
While the existing house may be beyond repair, the true value lies in the land itself. Spanning 511m2 (+/-), the gently sloping site offers endless possibilities for development. Under Inner City Zoning, the property can accommodate up to 11 rooms, making it ideal for a range of projects. Whether you're considering building a modern town base, a multi-unit complex, or a boutique apartment building, this site offers the flexibility to bring your vision to life.
The location further enhances the property's appeal, with its proximity to local amenities, public transportation, university, hospital and city hub. It's a prime spot for those looking to create a development that meets the needs of a growing urban population.
This property is set to be sold, presenting a rare chance to secure a piece of prime real estate in a highly desirable location. For more information or to discuss the potential this site holds, please don't hesitate to enquire.