Sale by closing date 16 April at 5:00pm
131-133 Dorset Road, Croydon
5 Bed 2 Bath 2 Car
Unique residential or commercial offering in a prominent location.
This property presents a significant and rare opportunity for commercial development. Mid-century architecture and a flexible layout fuse to create a potential-packed option for those seeking to own a high income-producing investment.
Boasting main road frontage that ensures maximum exposure and situated just moments from EastLink, Croydon train station, the bus stop, Eastland, Chirnside Park Shopping Centre and prestigious schools including Oxley College, Yarra Valley Grammar and Luther College; it enjoys a prime position close to outstanding retail and dining options and is easily accessible.
Set upon a sprawling 1526 sq m (approx.) allotment, there is currently space to construct approximately 25 car parks.
With a Neighbourhood Residential Zone - Schedule 2 zoning, you are free to turn this residential home into a spectacular commercial property and - depending on what you create - potentially enjoy multiple income streams.
The layout features 5 bedrooms and an expansive lounge room (9.6m x 5.5m) which could be modified to suit the needs of the business it hosts. Lending itself to a variety of industries, it could suit medical practitioners, allied health services, designers or professional services - the options are endless.
Designed by architect Hank Romyn, the residence is surrounded by landscaped gardens and features unique architectural details such as expansive picture windows, a full height void over the lounge zone, flagstone flooring, balconies off the north-facing bedrooms and timber accents throughout.
Additional highlights of the property include hydronic heating, split-system air-conditioning, two bathrooms, powder room, gas log fireplace, spa, salt-chlorinated pool, electric gates and a double garage. Set in a tightly-held and highly sought after precinct, it benefits from high-volume passing traffic and offers an exciting opportunity to occupy, develop or invest.