Property of the week | Corner of Queen & Waterloo Streets, Cleveland

Cleveland

This is a great opportunity to get into the property market as for the first time ever, this group of properties is being offered as individual sites or as a group parcel by auction.

A total of 5223 square meters, this large block in an ideal corner position in the heart of Cleveland previously had a development approval for a high rise, multi dwelling complex.

With three of the seven properties producing some rental income, the zoning is Medium Density Residential, and the location is just metres away from the edge of the Cleveland CBD.

This property could be split up as individual vacant blocks to build dream homes, splitter blocks, two large blocks with street frontages or small town homes or triplexes.

There is also potential to reconfigure boundaries and block sizes or reinstate old or similar development approval for a mixed use development site.

This property is a real win for investors.

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