115 Albany Drive

Mulgrave VIC 3170

Positioned within one of Mulgraves most sought-after pockets, this exceptional land offering presents a premium opportunity on a flat, rectangular 654sqm (approx.) allotment with an impressive 20m (approx.) wide frontage. Delivering outstanding versatility, the property is ideally suited to a range of future possibilities whether you choose to retain and renovate, pursue a side-by-side townhouse development, or knock down and rebuild your dream home (STCA). Opportunities of this calibre, combining land size, shape and frontage, are increasingly rare.Currently leased to a long-term tenant, the property provides immediate holding income while plans and permits are explored. The existing residence comprises three generously sized bedrooms, serviced by a central bathroom, along with an updated kitchen featuring gas cooking. A meals area and adjoining living space offer comfortable day-to-day living, with direct access to the backyard.Additional features include ducted heating throughout and a single carport. Conveniently located within walking distance to Albany Rise Primary School and Wellington Secondary College, with a bus stop at your doorstep, the home is also just a short drive to Waverley Gardens Shopping Centre. Easy access to the Monash Freeway and EastLink further enhances connectivity, completing a superb lifestyle and investment opportunity.