57 Rea Street

Located in Shepparton's CBD, this unique property presents an exceptional opportunity set on a generous 772m²* block in one of Shepparton's most prestigious streets. Offering outstanding potential to rebuild or develop (STCA), this property is ideally suited to developers or savvy investors looking to add value and maximise returns. With a heritage overlay at the front, the original façade must be retained, preserving its character and street appeal while still allowing flexibility to enhance or redevelop the rear of the property. An outstanding opportunity exists to retain the characteristic front façade and capitalise on the generous allotment by building at the rear. With subdivision potential (STCA) and scope for a second dwelling or unit, this is a highly flexible and appealing development prospect. Importantly, the property comes with an endorsed planning permit and approved plans for a two-unit development, allowing buyers to fast-track the process and move forward with confidence. Positioned close to quality schools, GV Health, local shopping precincts, and everyday amenities, this property delivers a convenient and well-connected lifestyle in a sought-after location. A rare opportunity to secure a property with character and genuine development potential-bring your vision and capitalise on the possibilities.