105 Queen Street, Cleveland
A FULLY renovated Cleveland home with only two owners since 1960 has hit the market with an approved pathway for future retail development on one of the suburb’s most prominent corner sites.
The four-bedroom property is being marketed by Network Realty Cleveland with offers over $1.5 million, combining a move-in-ready family home with dual residential and commercial zoning.
Its current owner has extensively renovated the residence, transforming the long-held home into a contemporary open-plan property featuring a modern kitchen, dining and living area, ducted air-conditioning and four spacious bedrooms.
But the key drawcard may be what the site could become.
The corner block has a development approval for two 100sqm retail shops, opening the door for a buyer to pursue a small commercial project in a high-exposure location opposite a local school and shopping centre.
Network Realty Cleveland agent Michael Fardouly said the property offered unusual flexibility for the Cleveland market.
“It is a rare opportunity for an investor, developer, business owner or homeowner,” he said. “Buyers can enjoy the fully renovated home as it is, while also having an approved commercial development option available on a highly visible corner site.”
The listing comes as Cleveland continues to attract interest from buyers seeking properties close to services, public transport, schools and the town centre.
For a prospective owner-occupier, the home offers a stylishly updated residence with nothing left to spend.
For investors and developers, its zoning and existing approval could provide a head start on future plans, subject to the relevant conditions and requirements.
For details or to arrange an inspection, contact Michael Fardouly at Network Realty Cleveland on 0413 517 222.
