74 Green Street

PRIME DEVELOPMENT OPPORTUNITY - R20/R40 - 737sqm IN JOONDANNA A rare chance to secure a substantial 737sqm landholding in a tightly held Joondanna pocket, offering strong development upside, holding income, and long-term capital growth. With flexible R20/R40 zoning and an ideal site dimension (42.7m x 17.2m), this property presents clear potential for a future multi-dwelling project (STCA), land banking, or immediate rental return while planning your next move. KEY INVESTMENT HIGHLIGHTS 737sqm green title allotment in a high-demand growth suburb R20/R40 zoning - strong redevelopment potential (STCA) Potential for duplex/triplex style development (subject to approvals) Immediate rental income or future owner-occupier option Existing tenants open to lease continuation or rent-back arrangement EXISTING RESIDENCE A well-presented 2-bedroom, 1-bathroom character home offering flexible living and strong rental appeal. Features include: Modernised bathroom Open-plan living and dining Additional flexible rooms (office/gym/studio use) Large undercover alfresco area Inground swimming pool Comfort and security features include split-system air conditioning, ceiling fans, roller shutters, and a double carport with additional off-street parking. LOCATION - HIGH DEMAND & STRONG CONNECTIVITY Positioned in a high-growth, commuter-friendly street with consistent rental demand: Walking distance to Glendalough Station for direct CBD access Close to Scarborough Beach Road café and lifestyle strip Minutes to Dog Swamp Shopping Centre and key amenities OPPORTUNITY A rare combination of land size, zoning flexibility, and income potential in a blue-chip inner-northern suburb. Ideal for developers, investors, or land bankers seeking immediate and future upside. Properties like this are tightly held-act quickly. ENQUIRIES Ray White North Quays Phone: 08 9246 1344 Michelle Gray: 0415 105 555 michelle.gray@raywhite.com