Located in the heart of Clayton’s Activity Centre this substantial property of over 1000m2, boasts three separate dwellings on a single title. Options exist to retain ‘as is’ (land bank), sub-divide the existing units or redevelop under the Residential Growth Zone (schedule 3); which provides for development up to 13.5m or 5-stories (STCA). The future of Clayton is enhanced with the Suburban Loop (SRL) project and strategies set by the Victorian Government and Monash Council to create a vibrant hub offering a diverse range of commercial and accommodation options for the growing population. Opportunities for redevelopment include student accommodation, medium density apartments, townhouses, medical facilities, childcare and more (STCA). Currently leased to established tenants, gross returns are currently $61,500 per annum; (Unit 1 - $1,560 pcm. Unit 2 - $1,838 pcm. Unit 3 - $1,738...