5 Morelle Court, Mooroolbark VIC 3138

Attention Investors and developers.... this is an opportunity not to be missed! Situated in the new planning scheme of DDO8 zoning, with future development (STCA) subdivisions and redevelopment in a fast growing suburb of Mooroolbark. The property comprises a decent land size of approx. 871 sqm and street frontage of 18.29m in the very quiet court location. Set within the backdrop of the Dandenong Ranges, this property also enjoys plenty of local amenities close by. The current home is 3 bedrooms, 1 bathroom with $1,738 per month rental income. The home is positioned close to Mooroolbark train station, major arterial and bus routes. Mooroolbark township is a short walk away as well as Esther Park and Red Earth Community Park. There are also plenty of reputable schools: Billanook College, St.Peter Julia Emma Catholic School, Oxley College as well as Manchester Primary School and Mooroolbark College. An abundence of shopping centres including Mooroolbark Town centre, Chirnside Park Shopping Centre and Eastland Shopping Centre in Ringwood. Call Mary Wang on 0403 277 311 now.