Development block next to me for sale

Hi all,

As some of you may be aware i purchased a development block in Bendigo a couple of months ago.

It has just come to my attention that the block next door is potentially for sale.

Obviously I would like to develop my block in conjunction with the one next door as you can get some cost savings from this so I was seeing if there are any potential investors who are looking for a development block.

Some starting info:

Block asking price: early $400's
Size: around 5,000 sqm
zoning: R1
Currently: has a 3 bedroom house on the front of the block - ability for seperate entry for units on rear
Comments: do your own DD but i am looking at 6-9 units on my block dependant on the final layout i go for.

The block isnt currently on the open market - but the same agent who sold me mine has it, hence why i know about it (he offered to me but i cannot fund a 12-18 unit dev).

I am currently in the early stages of development so there are benefits to be had by all.

Let me know via PM if you would like to know more. Or ask any questions on here and I will try to answer as best I can.