294 Manningham Road, Templestowe Lower, Vic 3107

This property offers a fantastic opportunity for apartment, townhouse, childcare and medical development with DDO8 & RGZ2 zoning (subject to council approval) in a prime location directly opposite of Macedon Square with immediate access to local retail shops including Woolworths, Restaurants and Cafes as well as being one arterial passing through to Westfield Doncaster Shopping Centre. The spacious 6-room, 12-carspace property sits on a generous 756sqm (approx.) north-facing block, providing endless potential. 

For those looking to operate own business, to redevelop or to buy and hold, the home offers formal entrance hall, spacious reception area, meeting room, formal lounge, storage room, six generous sized rooms, a bathroom, separate toilet and a staff kitchen, and ample onsite parking space. Alternatively, you could lease the property while awaiting approval for redevelopment or preparing for renovations. 

With high exposure location and a blank canvas appeal, this property invites you to bring your vision to life.

Median house price in Templestowe Lower is $1,360,000*, 33% higher than the overall median house price in Melbourne - branding itself as one of the most established suburbs in Eastern Melbourne. - The 2023 population forecast for Templestowe Lower is 15,079* and is estimated to grow to 15,931* by 2036. - Located approximately 15km* from Melbourne CBD and set to benefit from the $16.5 billion North East Link Tunnel Project, forecasted to be completed by 2028. 

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