Lux Long Settlement Duplex

This big slightly sloping 1149m2 block has a 24m+ wide frontage and has been cleared of all problem vegetation, dwelling footings, etc.

It sits within a highly affluent suburb valued for its parklands, schools, and amenities. It comes with previously endorsed plans for 2 large bespoke houses. Take advantage of all the work that’s gone into these and lodge revised plans for two side-by-side detached mirrored houses.

There are plenty of quality, modern houses that have sold nearby for +/- $2.5m. Owner occupier demand for the envisioned product is very strong.

We had been negotiating the purchase of this property for a builder client, but his heart was really with another project that we ultimately secured off-market.

This is a ripping project for resale profits and/or long-term retention for capital appreciation. It will suit an experienced builder developer really well. It may well suit someone looking to build his/her own family home in a desirable location, while cashing in on some profits at the same time.