23 Frederick Street, Doncaster VIC 3108

Positioned on an expansive 981sqm block in the esteemed Doncaster Hill residential precinct, this exceptional development site offers boundless growth potential. Approved plans boasts a five storey complex of 17 apartments with basement parking, offering an irresistible development opportunity for astute investors.

Boasting a coveted location on a peaceful cul-de-sac within easy strolling distance of Westfield Doncaster and buses, and mere moments from Eastern Freeway, Park'n'Ride, Koonung Creek Trail and Ruffey Lake Park, the location enjoys premium school zoning for both Doncaster Primary School and Doncaster Secondary College.

With the existing multi-roomed residence ready for clearing to commence construction, plans and permits are entirely completed, approved, and ready to begin. Set within a highly sought-after designated Activity Centre Zone (ACZ), the newly built luxury residences will reside within the Doncaster Hill precinct, famed for its stunning panoramic views across Box Hill, Melbourne's CBD and the Dandenong Ranges.

Alternatively, with substantial cosmetic enhancements, the current home may be leased out for a lucrative return with bedroom capacity totalling up to nine bedrooms and four bathrooms, including an ensuite master with WIR. The home also includes an open plan family / meals / kitchen with gas cooking, plus a second living / dining area flowing to a rear alfresco.

Presenting a thrilling array of future growth opportunities with the effortless peace of mind offered by approved plans and permits, this enticing opportunity is certain to impress.