57 & 59 Centre Dandenong Road, Cheltenham VIC 3192

57 & 59 Centre Dandenong Road, Cheltenham

Total Land Size: 1,730sqm (approx.)

A truly rare offering in a prised bayside pocket, this dual-title property presents an incredible opportunity for developers, investors, or land-bankers seeking scale, position, and strong income potential with scope for future development (Subject to Council Approval).

Sitting across a commanding 1,730sqm (approx.), this double block comprises:

57 Centre Dandenong Road – Already subdivided and income-generating:

Four quality brick units:

(NO BODY CORP)

Three x 2 bed, 1 bath

One x 3 bed, 1 bath

All units include individual carport parking

Solid returns with excellent tenancy appeal

Established driveways and minimal common area maintenance

59 Centre Dandenong Road – A comfortable single-level family home:

3 spacious bedrooms | 2 bathrooms

Dual living areas, perfect for families

Single lock-up garage and a large backyard

Ideal to rent out, occupy, or incorporate into a future development plan

The Potential (STCA):

Knock down and rebuild multiple townhomes or a boutique development

Take advantage of the wide street frontage and strong land depth

Zoned for Cheltenham Secondary & close to childcare, parklands & major arterials

Moments from DFO Moorabbin, Southland Shopping Centre & public transport

This is a unique chance to secure a strategic landholding with immediate rental income and enormous upside. Whether you’re looking to develop now or plan for the future, opportunities like this are few and far between in Cheltenham’s tightly held market.

THE AGENT

Chris Azar | 0412 656 205

Luke Fornieri | 0423 633 740

Disclaimer: Whilst every care has been taken to verify the accuracy of the details in this advertisement, MAK REALTY cannot guarantee its correctness. Prospective buyers need to take such action as is necessary, to satisfy themselves of any pertinent matters. *Gross estimate, purchasers will need to complete their due diligence.