10-12 Grace Street

A well-presented family classic in the coveted Activity Centre Zone with a big, bright, prosperous future, this free standing, five-bedroom residence is the perfect candidate for a rebuild or redevelopment (STCA) of its sought-after 1247 sqm (approx) allotment. Comfortably livable or leasable, this is a home that allows you to take your time and generate some reliable returns while finalising your plans. The unique advantage of being in the ACZ is the potential for mixed-use development, taking advantage of both residential and commercial opportunities. The focus can be on business, shopping, working, leisure, transport and community facilities to create sustainable urban outcomes; it can be on delivering a diversity of housing at higher densities to make optimum use of current facilities and services; or it can be both. All decisions benefit from the property's blue-chip position within metres of Cranbourne central. Cultural facilities, local parks, schools, and Cranbourne SC are placed within immediate reach of the door - resulting in fabulous amenity that promises long-term capital gains in a sought-after district.