49 Mcmasters Road

A rare and refined development opportunity in one of the Peninsula's fastest growing coastal enclaves! This expansive 948sqm corner landholding comes complete with Development Approval for two architecturally designed townhomes, offering an immediate pathway to build in a location underpinned by strong buyer demand and lifestyle appeal. There are concepts in place to add two further income streams with 2 x detached two-bedroom granny flats. Set on a prominent corner with generous frontage, the site provides flexibility in design, enhanced street presence and excellent access - a combination highly sought after by premium downsizer and lifestyle buyers. With approvals secured and positioning assured, this is a turnkey project ready for execution. Investment & Development Highlights: 948sqm corner allotment with commanding street presence DA approved for two high-quality townhomes (Option to add 2 granny flats) Ideal configuration for strong resale margins Premium corner orientation allowing light, space & separation Surrounded by quality homes and established streetscape Minutes to waterfront, shops, schools & transport links Increasing demand for luxury low-maintenance living on the Peninsula Opportunities of this calibre - with scale, approval and location aligned - are seldom offered. Key Details: Council rates: $2202 per year Water rates: $1185 per year Currently rented privately on expired lease at $650 per week Potential rent Return: $700 - $770 per week Call Anthony McVicker on 0498 112 351 to obtain the plans, contract and discuss your purchase. DISCLAIMER: Wiseberry Peninsula has obtained all information herein from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.