75 Olive Road, Hampton Park

Hockingstuart is delighted to offer this unique property located at 75 Olive Road Hampton Park, sitting on a large parcel of 2,998m2 with 55.9m frontage. Buy now and develop later, a great opportunity to landbank as there are not many parcels like this one available, the time is right to secure this rare property. The possibilities are endless for this prime allotment, you could consider building 10-12 units (approx.), a medical centre, child care facilities (STCA) or keep it as a hobby farm and enjoy the serenity. In the immediate area there is an active commercial property (church) and previously the German/Australian club, giving the potential for re-zoning, subject to council approval. This pocket is highly sought-after for a reason. Walking distance to St Kevin's and Rivergum primary schools, Hampton Park Secondary College and Banjo Patterson Park. Nearby buses deliver you to Hampton Park shopping square, Lynbrook Village, Westfield Fountain Gate, and Hallam train station. The South Gippsland Highway and Monash Freeway provide easy access to the city centre and South Eastern suburbs. A wonderful family lifestyle awaits with the existing residence that offers 4 bedrooms, a study, 2 bathrooms, a sunlit kitchen, large living area, multiple garages, all surrounded by park like gardens and luscious lawns. Currently tenanted for $2,260.00 per calendar month on a month by month basis. Inspection by Private Appointment only, ID required.