82 Wood Street Preston, VIC 3072

Currently occupied by a neat 2-bedroom home which was leased for $330 per week, this property provides an exceptional ready-to-go development opportunity with a location to match!

Perfectly positioned in the very heart of Preston, this substantial high-side allotment (approx 712sqm) with Residential Growth Zoning (RGZ) comes complete with an approved planning permit to construct 4 spectacular new two level townhouses.

Impressive design elements of townhouses include 2 generous bedrooms with ensuite and robes, central bathroom and powder room (second WC), open-plan living/dining area and adjoining kitchen, plus a private balcony and internally-accessed garage. These plans will suit any first-time buyer's, astute investors & down-sizers alike.

Walking distance to vibrant Northland Sc, conveniently positioned walking distance to a choice of bus routes, it's also close to Darebin Creek trails and acres of parkland, local schools and kinder/childcare facilities, as well as easy access to Plenty Road trams,preston market, high street shopping & Summerhill Sc. With a "Walk Score" of 81- this location can assist any future resident's to complete most of their errands without use of a car or any public transport.

Bright investments result in a brighter future.

Don't miss this rare one of a kind opportunity to secure an investment to rent, live in or develop.