5 Ivon Street, Bayswater North VIC 3153

This exceptional allotment presents an extraordinary opportunity for astute developers and investors to capitalise on one of Melbourne's most promising growth corridors. With strong market momentum in the area, this is your chance to be part of the area's exciting transformation.

PROPERTY HIGHLIGHTS:

• Substantial 2,431sqm block* with excellent street frontage.
• Irregular shape offering flexible design possibilities.
• Multiple development options - townhouses or mixed-use (STCA).
• Prime position maximising development potential.

LOCATION ADVANTAGES:

• 200m walk from Bungalook Creek Trail.
• Granting easy access to Tinternvale Primary & Bayswater Secondary.
• Near Canterbury Gardens Shopping Centre and Bayswater Village.
• 15-minute walk from buses.
• 5-minute drive from Bayswater Train Station.

The Eastern suburbs continue to experience strong growth, with rental yields showing substantial increases - house rents up 10.5% and strong rental demand in the broader area. This presents an ideal opportunity for developers looking to capitalise on.

By Private Appointment Only

Don't miss this rare opportunity to secure a premium development site in one of Melbourne's most promising growth areas.

Contact us today to arrange your exclusive inspection and discuss the endless possibilities this exceptional property offers.

*Approximate measurements. All information contained herein is gathered from sources we believe to be reliable. We do not guarantee its accuracy and any intending purchaser should rely on their own enquiries. STCA - Subject to Council Approval.