1 Mountain Gate Drive, Ferntree Gully VIC 3156

An incredible and exclusive offering, this 731m² (approx) perfectly level corner allotment, will strongly appeal to investors, landbankers and developers with commercial or residential interests. Earmarked as the prospective site for a multi-unit development (STCA), the current block is occupied by 2 dwellings - one leased to Dorevitch Pathology for 3 years at $70,000 P.A + GST (lease commencement 1st September 2019), whilst the second dwelling is vacant and could be leased for additional rental income (STCA). A once-in-a-life-time opportunity in one of Ferntree Gully's most high profile locations, adjacent to Mountain Gate shops, and close to Mountain Gate Primary, reserves, transport plus major arterials.