166 Chambers Road, Altona North, Vic 3025

This much-coveted corner site offers an exceptional opportunity for developers to capitalize on the potential for multiple townhouses (STCA). With an impressive street frontage of approximately 90 meters on Paringa Road and approximately 15 meters on Chambers Road, the site provides around 835m2 to repurpose (STCA). Opportunities like this are rare and highly sought after.

For investors, this property is a perfect opportunity to acquire an entire block of units with long-term tenancies, ensuring an immediate return. The units are highly desirable among tenants, offering single-level living in a boutique block of five one-bedroom units. Each unit boasts a good-sized kitchen, generously proportioned living areas, and off-street parking. With scope to renovate, investors can retain and hold this asset or choose to subdivide and sell each unit separately.

The property is perfectly positioned for easy access to the city or freeway and is just a short walk to Altona Gate Shopping Centre, Millers Rd, Footscray Hospital, Maribyrnong River, beaches, marinas, public transport, schools, restaurants, Yarraville Sun Theatre, Williamstown, golf courses, and bike paths. This prime location enhances the value of any investment made in this property.