Make Grand Plans on 865sqm

Make Grand Plans on 865sqm

Forest Hill 74 Mahoneys Road

Sold for $1,110,000

A rare opportunity to chase the development dream on a generous near level 865sqms, just 200 metres (a 2 minute walk) from Forest Hill Chase shopping centre and its transport hub. The existing 3-bedroom brick veneer presents plenty of mid 20th century charm with hardwood floors under the carpet, frosted glass doors and generous robed bedrooms for those keen to renovate. A 50 ft frontage and 186 ft length maximizes unit development for those keen to construct new townhouses – highly sought after by first home buyers and downsizers – in this highly central pocket with 3 bus routes out front (735, 736, 765 including to Blackburn station). The home sits at the centre of the site with ample backyard currently occupied by a thriving vegetable and fruit garden, garage and workshop. With several development projects currently under way on Mahoneys Rd, this is your chance to renovate or build just steps away from one of the east’s most popular shopping malls.

Terms: 10% Deposit, Balance: 30/60/90 days (negotiable)