Located directly opposite Capel Sound foreshore with frontage to Point Nepean Rd. This 1000m2+ parcel is Zoned Business 1 and has current town planning approval to subdivide the land in multiple ways that includes council’s approval to complete a 2, 3 or 4 lot subdivision, the choice is yours? A mix of retail shops with residential apartments above would be a highly suitable development strategy for this blue chip location (STCA). The Cultural Heritage Management Plan has been completed with further development of the site approved at that level (STCA). Don`t delay your decision on this one, it`s set to sell now!