159 Willowbank Road, GISBORNE VIC 3437

3
1
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Sold

2ha (5 Acres) An Exceptional Residential Development Opportunity

House Sold - GISBORNE VIC

Zoned General Residential Zone (GRZ1)
Offered for sale for the first time in over 50 years and less than 2 kms from Gisborne town centre and most community facilities, and only 500 metres Gisborne Secondary College.

Features include level land with all services available, existing brick veneer 3 bedroom residence in mature garden setting, several very aesthetically pleasing mature native tress enhancing the landscape, two separate titles, rectangular shape and 304 metres sealed road frontage.

Under the Gisborne Futures Structure Plan (July 2020) the property is in a ‘Residential Growth and infill area’ and noted as ‘underdeveloped existing residential land’ and is only 450 metres from Willowbank Road Neighbourhood ‘Future Activity Centre’.
Develop now or hold for assured capital growth investment.

If you build your dream primary residence on the property, under current ATO rules capital appreciation upon future sale would be tax free.

Property Features
  • House
  • 3 bed
  • 1 bath
  • 2 Parking Spaces
  • Land is 2 hectare
  • 2 Garage
  • Location
Price Guide
Comparable Sales
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