Glen Iris 15 Morrissey Street

Prime Development Opportunity! 1174m² Zoned R15 – 2 Houses on one block - Separately metered!

Land Area: 1174m²
Zoning: R15 (Potential for development opportunities, subject to council approval)
Potential Earnings of up to $1,000 per week

House 1: Built in 1967
3 Bedrooms
1 Bathroom
Cozy and comfortable layout
Split system airconditioner
6m x 6m Powered Workshop

Currently leased till June 2025 at $270 per week with the potential to increase at the end of the tenancy to $500/week.

House 2: Built in the 2005
3 Bedrooms
2 Bathrooms
Spacious living areas
Extra storage in the carport
Split system airconditioner
Currently leased till February 2025 at $340 per week with the potential to increase at the end of the tenancy to $500/week.

Both homes are perfect for dual occupancy after June 2025 or rental income while you explore development options.

Excellent location with easy access to local amenities, schools, and public transport
Ideal for investors or developers looking for future potential
Ample land size with R15 zoning flexibility for development

This is a rare chance to secure a large block with existing residences and future growth potential. Don't miss out!

Feel free to let me know if you'd like to add any other details!

NB: Photos are the interior of the 3 x 2 dwelling at the back of the property.

Shire Rates $4,888.18 per annum $2,444.09 per dwelling
Water Rates: $2,563.06 Per annum $1,281.53 per dwelling

Property Information

• Land area approx 1174sqm

Property Features

• Air Conditioning
• Car Spaces 2