22 McIvor Road, St Albans, Vic 3021

Positioned on a prominent corner allotment right on the doorstep of the vibrant Alfrieda Street shopping precinct, this is the kind of St Albans opportunity developers and investors rarely get the chance to secure. Zoned Residential Growth Zone and offering exciting scope for future redevelopment (STCA), the property combines a highly strategic location with the advantage of an existing income stream. Currently occupying the site are four separate units, each comprising two bedrooms, one bathroom and one car space, providing the potential to generate rental income while plans, permits or a future development strategy are explored. For developers, the corner position, growth zoning and immediate proximity to one of St Alban's busiest shopping and activity precincts create a compelling foundation for the next project. For investors, four existing residences offer multiple income streams with the added benefit of significant long term land potential. Purchase, collect the rent and plan your next move – this is an opportunity where today's income could help pave the way for tomorrow's development.