3 Grant Road, Somerville VIC 3912

This 'red hot' development opportunity is in a prime location in the heart of Somerville. With land size of 976m2 approx. Option 1 - Develop & build multiple double storey townhouses (STCA) The property has Grant Road frontage & side access via Holmes Lane. Positioned only a moment's walk to the shops, public transport, local schools, doctors and sporting grounds of the fast growing Somerville precinct. The property market in Somerville has seen very strong growth in the last 12 months and is a proven performer with several recent nearby developments having been successfully completed, generating excellent returns. Option 2 - Potential medical centre or similar business STCA.
Option 3 Renovate & develop to the rear. This charming old world home with many period features. Yes, she needs some polishing, however if you love the charm of yesteryear, this charming home brimming with character will tug at your heart. Boasting high ceilings of approx. 11ft (3.3m) formal lounge with doors that lead to a covered outdoor area. The three bedrooms are all a generous size with a huge ensuite to the master bedroom. The property has had an extension to the rear adding a large dining/kitchen area plus second bathroom & laundry. Hidden behind a private fence, other features include carport, garage/workshop, front & rear verandas, plus heating and cooling options. This rare opportunity is one to add to your portfolio and build your wealth. Call today to express your interest